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Technology Stocks : Cascade Communications (CSCC)
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To: Lee Ring who wrote (3304)3/31/1997 5:04:00 PM
From: Paul Dubsky   of 3743
 
If you crunch the numbers, all else being constant, .7 of ASND at $40 is $28 for CSCC. So, by arbitraging the difference between the actual buyout price and CSCC's closing price of $26, would give you a $2/share profit or 8%, "guaranteed"! (336,000 shares x $2 spread = $672,000, not bad!) Like USRX/COMS, the USRX stock moves 1.2x the COMS stock price due to the structure of the deal.

This deal could have been sweeter, it would have been nice to see some cash ante'd up!
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