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Non-Tech : E*Trade (NYSE:ET)

ET 16.71

+1.7%

12:59 PM EST

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To: Nandu who wrote (7228)	6/17/1999 3:14:00 PM
From: WhySoSoon	Read Replies (2) of 13953

According to biz.yahoo.com TBFC shareholder will receive 2.1 shares of ETrade for each share of TBFC. Since then, TBFC has a 2 for 1 split. Therefore, TBFC shareholder will receive 1.05 shares of ETrade for each share of TBFC. Now, if I have 100 shares of TBFC, how many shares of EGRP will I receive? The answer is 105 shares since I get 1.05 shares of EGRP for each share of TBFC. Back to the discount situation, 1 x 1.05 (conversion factor) x the current price of TBFC and compares this to the current price of EGRP. In this case, it is 1 X 1.05 X 33 = 34.65. I agree my math is very rusty, it does need lubricant cause I rely on my calculator a lot. In your case, you are saying that each EGRP share is worth 1.05 TBFC share. As a shareholder of EGRP, I like this deal much better!

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