Here, DEP
(How lazy can I be...)
[B] Merrill Lynch files to sell 11.5 mln Internet HOLDRs at $100 --
--Merrill Lynch HOLDrs to represent 20 Internet stocks
--Merrill Lynch Internet HOLDrs ticker symbol to be "HHH"
By Bridge/Indepth News
Washington--Sep 3--Merrill Lynch, Pierce, Fenner & Smith Inc. today reported
it will offer 11.5 million Internet HOLDRs, or receipts for $100 each of a trust
of a that will own 20 Internet stocks, according to an amended Securities and
Exchange Commission shelf registration.
* * *
HOLDRs stands for HOLding Company Depositary Receipts.
Internet HOLDRs may only be bought, sold or transferred in lots of 100 or
round-lot multiples of 100.
The trust will own shares of the following companies: American Online Inc.,
Yahoo Inc., Amazon.com Inc., eBay Inc., At Home Corp., Priceline.Com Inc., CMGI
Inc., Inktomi Corp., RealNetworks, Inc., Exodus Communications Inc., E*TRADE
Group Inc., DoubleClick Inc., Ameritrade Holding Corp., Lycos Inc., CNET Inc.,
PSINet Inc., Network Associates Inc., Earthlink Network Inc., MindSpring
Enterprises Inc, and Go2Net Inc.
The trust, which still has not been formed, may not buy stocks of any other
companies, according to the filing.
The ticker for the Internet HOLDRs will be HHH and it will trade on the
American Stock Exchange.
Merrill Lynch originally registered $10 million of receipts for a trust that
would own 20 companies in an unspecified industry in May. Aug 8, Merrill Lynch
added $5 million for a total of $15 million.
Wednesday, Merrill Lynch named the receipts Internet HOLDRs and boosted the
registration to 1 billion HOLDRs for a total offering price of about $1.25
billion from $15 million. |
