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Author: Nuke68 One star, 50 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 571  
Subject: Re: Take a look at the April Option there going Date: 4/9/2007 5:42 PM
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The offer was OVERSUBSCRIBED with 211 million shares of HAL offered and they will only be able to accept about 40% (I think the max offered shares HAL was able to bring in is 85.3 million). They had approx 999 million shares outstanding (996.47 million float) so only reduced their shares outstanding by 8.5%

Sorry, you'll have to copy/paste the link.

http://biz.yahoo.com/bw/070405/20070405005885.html?.v=1

Not sure what to think of the oversubscription!

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