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Union Planters Corp. (UPC) Message Board

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  • get_lucky_now get_lucky_now Jul 28, 1999 9:24 PM Flag

    Union Planters Website

    Let's see now, if WFC offered $85 and UPC book
    value is $21.19, then the price to book would be 4.01x.
    Why would WFC, whose price to book is only 3.3x offer
    such a premium price? The price to book for regioanl
    banks is 3.6x .

    If somebody is serious about
    UPC, I can't believe they would pay anything more than
    3.25x book or $68.87 (3.25 x 21.19).

    What am I
    missing????