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Corrections Corporation of America Message Board

  • avolster avolster May 26, 1998 8:26 AM Flag

    Which stock will move?

    I own PZN. I switched from CCA about 1 week ago.
    My question is: When they merge, CCA will get .875
    of PZN stock. If this is the case, there seems to be
    a wide disparity between the prices of CCA and PZN.
    Will CCA price move up to .875 of PZN, or will PZN
    move down to CCA?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Check out the Genesis item under "news" here on
      Yahoo and
      see what they think. By the way, the
      "wide disparity" has existed
      for the last few weeks.
      You must not think PZN is coming down or
      you
      wouldn't have bought it. So you must think it's going up.
      If
      you intend to hold through the merger, why didn't you
      just keep the
      CCA, which would allow you to get PZN
      at discount to current
      value?

 
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