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Technology Stocks : Compaq
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To: Eddie Kim who wrote (63964)6/23/1999 12:31:00 AM
From: Ada Marie   of 97611
 
If anyone is interested, Compaq purchased Digital on January 23, 1998 for $ 9.6 billion.

"The transaction will be the largest acquisition in the history of the computer industry, valued at $9.6 billion based on the January 23, 1998 closing price of Compaq common stock. Under the terms of the transaction, shareholders of Digital will receive $30 in cash and approximately 0.945 shares of Compaq common stock for each share of Digital stock. Compaq will issue approximately 150 million shares of Compaq common stock and $4.8 billion of cash. Under the terms of the agreement, Digital will become a wholly owned subsidiary of Compaq."
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