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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST
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To: Ajay Vora who wrote (1469)12/31/1996 7:27:00 PM
From: Potato Farmer   of 61433
 
Acquisition almost always means newly issued shares. "Treasury stock" (stock already issued but held by the company) would not typically be used for an acquisition. This is one of the reasons an acquiring company's stock almost always blips downward ... the float is increased.

Ascend has around 125 mm shares outstanding so this is about 0.4% increase in total shares. Not a major item.

The press release said it was not material for accounting purposes, which means that past earnings aren't magically restated.
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