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Gold/Mining/Energy : CSI Credit Systems CSU.VSE
CSU 0.670-1.5%Aug 7 4:00 PM EDT

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To: ED BAARTMAN who wrote (62)6/4/1999 12:42:00 PM
From: keith schaefer  Read Replies (1) of 90
 
Look at Bunting Warburg buy the daylights out of this - risk arbitrage. They buy a huge stake, go to the Royal Bank and say, hey, give us $1.50 for the stock and you win, otherwise, you lose.

It ups the stakes a bit, as it may force Royal to up the bid, but if the Royal does walk and say no way, that stock will come back immediately, no mercy, market order, out, gone.

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