Re: [CANSLIM] WTW

From: "Winston Little" <wlittle1@peoplepc.com>
Subject: Re: [CANSLIM] WTW
Date: Wed, 18 Sep 2002 13:45:21 -0400

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Mike:
on WTW, two days brisk trading (4 million shares Tuesday followed by 5
million so far today led to to ask: Who owns the shares, and why the heavy
trading?

There are 106 million shares outstanding.
Artal of Luxembourg had owned 94%.
A secondary offering for 15 million shares for $630 million is being filled
right now by Artal at about $42/share. After the offering is completed Artal
will own 62%.
If the market oversubscribes, there is provision to sell an additional 2.5
million shares.

Why is Artal selling, and why at $3 below the price on Monday?


- ----- Original Message -----
From: <michael_niemotka@baxter.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, September 18, 2002 10:28 AM
Subject: [CANSLIM] WTW


> Is WTW "churning"?  It is having incredible volume already, but price is
> only up 0.29%?
>
> Any thoughts?
>
>
>
> Mike Niemotka , PE
> Sr. Principal Engineer
> Baxter Healthcare Corporation
> Route 120 & Wilson Road
> Round Lake, IL 60073
> Tel (847) 270-4075
> Fax (847) 270-4525
> michael_niemotka@baxter.com
>
>
>
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