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From: rlp@cbscc.UUCP (R L Platt)
Newsgroups: net.invest
Subject: Re: take overs - (nf)
Message-ID: <3098@cbscc.UUCP>
Date: Wed, 20-Jun-84 10:46:21 EDT
Article-I.D.: cbscc.3098
Posted: Wed Jun 20 10:46:21 1984
Date-Received: Thu, 21-Jun-84 08:27:58 EDT
References: ism780.242, <1178@rti.UUCP>
Organization: AT&T Bell Laboratories , Columbus
Lines: 12

The same thing happened a few months ago with Warner Communications.
Rupert Murdoch bought up about 6% of Warner at ~$25 a share.  Warner
management offered him $32 per share ($70 million) to leave them alone.
Warner stock is now at $22, and many stockholders are understandably
annoyed (ie. they're suing Warner).
-- 
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