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Date High Low Close Volume
02/22/94 19.375 19.125 19.125 40,800
02/23/94 19 19 19 400
02/24/94 19.125 18.875 18.875 11,200
02/25/94 18.875 18.375 18.375 6,700
02/28/94 18.625 18.375 18.625 600
03/01/94 18.5 18.25 18.375 2,700
03/02/94 18.125 17.625 17.625 3,500
03/03/94 17.5 17 17 3,800
03/04/94 16.875 16.375 16.5 10,600
03/07/94 17.5 16.75 17.5 14,600
03/08/94 18 18 18 4,900
03/09/94 18 17.75 18 5,500
03/10/94 18.375 18.125 18.25 2,300
03/11/94 19.875 18.75 19.625 75,700
03/14/94 19.875 19.25 19.75 129,100
03/15/94 20 19.75 19.875 59,900
At the date of decedent's death (November 27, 1993), the Trust
held, among other assets, 280,507 shares of Applied Power common
stock, constituting approximately 2.2 percent of that class of
outstanding stock (13,013,116 shares).
Shares of Applied Power stock did not trade on the date of
decedent's death. The average of the mean trading prices of
Applied Power stock for the last trading day preceding decedent's
death, November 24, 1993, and for the first trading day following
decedent's death, November 29, 1993, was $15.125 per share. Thus,
based on a valuation of $15.125 per share, the value of the 280,507
shares of stock in issue was $4,242,668, before any blockage
discount.
Research Reports
Robert W. Baird & Co., Inc. (Baird), an investment banking
firm located in Milwaukee, Wisconsin, followed Applied Power. On
April 2, 1993, Baird issued a research note (the Baird April
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Last modified: May 25, 2011