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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 3:59 PM EST

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To: pat mudge who wrote (13798)10/21/1999 6:21:00 PM
From: fumble  Read Replies (2) of 18016
 
if they use cash to buy STII, they will in effect be doing just that.

Since the pricing for the STII deal depends on the closing prices over the next two weeks, how much of the current NN price movements can be attributed to arbitrage on that deal?

STII would probably be statisfied with either cash or stock, so NN does have some leaway on how they want to go. However, a higher NN stock price would certainly provide NN with a better deal.
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