Getting Pricey Many brokerage stocks are trading above their takeover prices COMPANY POTENTIAL CURRENT PERCENT TAKEOVER PRICE* OVERVALUED PRICE LEGG MASON 35 47 34% DEAN WITTER 30 39 30 AG EDWARDS 35 38 9 MERRILL LYNCH 91 98 8 LEHMAN BROTHERS 35 38 9 PAINEWEBBER 37 36 -3 MORGAN STANLEY 66 65 -1 DLJ 53 45 -15 SALOMON 66 53 -20 DATA: SANFORD C. BERNSTEIN & CO. *May 9, 1997 Return to main story

Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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