Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site cbscc.UUCP Path: utzoo!watmath!clyde!floyd!vax135!houxz!houxm!ihnp4!cbosgd!cbscc!rlp 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). -- +----+ R. L. Platt /| /| AT&T Bell Laboratories +-|--+ | Columbus, Ohio | +--|-+ |/ |/ nscs!rlp +----+ (614) 860-4850