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Technology Stocks : Pure Atria Corp(PASW) and Rational(RATL) Merger

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To: Czechsinthemail who wrote (123)6/10/1997 5:29:00 PM
From: Czechsinthemail   of 147
 
The announcement that the Justice Dept.'s extended period for review for the Ascend/Cascade merger has passed and that the merger will go through by the end of the month should lend some support to Pure Atria. It has been trading at a bigger discount to its eventual merger value on fears that the merger would not go through. Most recently, the Justice Dept.'s request for more information that delays completion of the merger re-stoked these concerns. The ASND/CSCC news should help allay them.

Since RATL has been very steady lately, there is a good chance PASW will move up, shrinking the discount in anticipation of the merger being completed. At that point, if not before, I think Rational will resume its climb.

Baird
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