RE: the Anschutz holdings Scotsman & Scott Martin wondered about --
According to filings made in mid-August 1999 on the SEC's Edgar database, Mr. Anschutz beneficially owns (i.e., owns shares directly, is familially related to persons who own shares directly, or has an ownership or income interest in or is a principal of a company, trust, or other business organization which owns shares directly) of about 287,089,328 shares and 17,200,000 warrants to purchase 17,200,000 additional shares. This is about 39% of QWST's outstanding shares. The filings also indicate that the May 1999 sale of 33.3 million shares by Anschutz interests was, indeed, to allow Bell South to hold about 10% of QWST. Bell South paid the Anschutz interests $1.6 Billion.
Just for fun, the Anschutz 287+million shares had a market value of about $13.6B in May and have a market value now of about $8.2B for an unrealized decline of $5.4B. Don't know what his cost basis is (don't really care, either), but it appears that he still has a significant interest in terms of control and net worth currently and in seeing the stock price rise in the future. Just think, for every $1 the stock goes up, he has a paper gain of $287 Million. Yeah, I know - it could go down $1, too, but the incentive clearly is to make it go the other way over the long term.
Regards,
Harry |
