IraS1@aol.com wrote:
> In a message dated 4/19/2007 5:27:02 P.M. Eastern Daylight Time,
> kargon@bivio.com writes:
> IraS1@aol.com wrote:
> > In a message dated 4/14/2007 10:43:09 A.M.
> Eastern Daylight Time,
> > benwoltz@bivio.com writes:
> > Our
> club
> >   owns shares of SLM and Friday it was up big due
> to
> > reports that it will be
> >   bought by private
> equity firm.  What
> > does that mean for SLM
> >  
> shareholders if that were to happen?
> > Would SLM continue to trade on
> the
> >   public market?  Would our
> > club be forced
> to sell?  Would we get
> >   shares of something
> >
> else?
> >
> >
> > If it goes through, your club will be forced to
> sell its shares at the
> > purchase price offered by the private equity
> firm.
> >  
> > Ira Smilovitz
> >
> >
> > See what's
> free at AOL.com.
>
> Not always true, you can sell at the market price if
> the
> deal goes through, which can be above or below what the
> private
> equity firm is offering, or you can wait to be paid
> cash by the private
> equity firm.
>
> My suggestion, if the stock climbs to the offering
> price,
> sell it, just in case the deal doesn't go
> through
>
> You misinterpreted my post. By "If it goes through.." I didn't mean, "If
> SLM agrees to the offer..", I meant "When the deal closes..." At that point,
> there is no alternative but to sell at the offering price (which may have
> changed from the original offering price).
>  
> Ira Smilovitz
>
>
> See what's free at AOL.com.

Got it, Ira.