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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: isdsms who wrote (1146)6/17/1999 9:44:00 AM
From: Rahul Shah  Read Replies (1) of 15615
 
To All,

Since the float is 42 million, will the tender offer take the shares out of the float first or will the insiders and FI's get to unload them first

Also, what are the chances of the Tender being oversubscribed. I talk to my broker at Fidelity and he mentioned in the event of oversubscription, it will be prorated.

Any information on how the tender offer works will be greatly appreciated.

Thanks

Rahul
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