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Non-Tech : Amati investors

AMTX 1.615

+1.9%

Jan 5 3:59 PM EST

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To: Schmedley who wrote (27103)	10/15/1997 4:01:00 AM
From: pat mudge	of 31386

[Merger agreement] The 8-K reads: "Under the terms of the agreement, each share of Amati common stock will be exchanged for .9 of a share of Class A Westell common stock. . . . Westell Technologies expects to take a one-time charge for in-process research and development and other merger and related expenses upon the closing of the merger which is expected to occur in the fourth quarter of Westell's fiscal year 1998. . . ." There is no cash involved. And according to the conference call the day of the announcement, both parties hope to have the merger complete by the end of calendar '97. Cheers! (and good-night!) Pat

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