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RE: ease2002
posted on
May 04, 2006 11:53AM
Can PTSC make S and L reduce their holdings simply by buying shares on the open market and consequently raising their 9.99% threshold?
Would S and L require a premium to sell?
At $1 it would cost PTSC $70 million to buy S and L`s current holdings(10% of $700 million?). S and L could then exercise their remaining warrants and the o/s would still be as it is now.
Without a deal with S and L how can PTSC buy back shares?
