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Technology Stocks : AT&T
T 25.95+1.7%Nov 21 9:30 AM EST
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To: Mark Palmberg who wrote (2747)8/10/1999 9:09:00 PM
From: BrooklynDave  Read Replies (2) of 4298
 
Should we be worried about the Media One merger now that T's price is significantly lower than the $ 51.30 that T guaranteed to UMG shareholders? The deal, if I remember correctly was 1 share of T plus $31.85 Cash for each share of UMG with a stipulation that if T's stock price fell below $ 51.30 then T would make up the difference in, I can't recall, either more cash or more stock.
If T doesn't get UMG I think we got trouble with a capitol T
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