Align-Rite Int'l (MASK) Undervalued compared to PLAB DPMI Message Board

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Technology Stocks : Align-Rite Int'l (MASK) Undervalued compared to PLAB DPMI

PLAB 23.38

+3.3%

12:49 PM EST

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To: Donald Wennerstrom who wrote (355)	9/21/1999 10:45:00 PM
From: Carl R.	Read Replies (1) of 388

I read the following as meaning that the price is fixed at $23.09, and that the number of shares of PLAB received will vary according to the market price of PLAB so as to achieve a price of $23.09. biz.yahoo.com shareholders of Align-Rite will receive the equivalent of $23.09 per share in Photronics' common stock. The number of shares (subject to certain limitations) to be exchanged will be determined based upon Photronics' average share value during the 20 days preceding the three days prior to Align-Rite's shareholder meeting. If the shareholder meeting isn't until after the first of the year that is quite a ways off. Suppose PLAB goes up significantly. Would MASK shareholders still approve the deal? Carl

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