InvestorsHub Logo
Followers 34
Posts 5999
Boards Moderated 0
Alias Born 03/07/2006

Re: Pennimon post# 16112

Thursday, 09/14/2006 8:55:33 PM

Thursday, September 14, 2006 8:55:33 PM

Post# of 35788
Penn, this is interesting. You wouldn't happen to know which PR this is, would you?

About 5 months ago I owned a stock whose symbol I cant' remember, but they were merging with another public company. A date was set just prior to the merger, and the average PPS for a period of 20 days prior to that date was the value that would be used to determine how much of stock X we would get for stock Y.

I can't see any reason why BIGN's PPS would be tied to the LOI, but you never know. Could be why theres no news.

JMO - Do your own DD.