Cascade Communications (CSCC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cascade Communications (CSCC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bobo who wrote (3388)	4/3/1997 7:35:00 PM
From: Dee Jay	of 3743

The value of the deal was calculated based on the exchange rate (.7 Ascend shares for each Cascade share) multiplied by the number of Cascade shares outstanding times the value of 1 share of Ascend - or .7 X (Cascades shares out) X Ascend's share price 3/30/97. The stock swap was figured at $3.7 Billion because at the time the announcement was made Ascend was trading at more than $50. The day after the deal was announced the value of the deal fell substantially because Ascend's share price dropped on the news. Therefore it was no longer a 3.7 billion deal but became a 2.8 billion (or whatever) deal. The value of the deal will fluctuate until the deal is actually consummated at which point you will know the total value since the value of the Ascend share will have been fixed. Dee Jay

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next