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Technology Stocks : Newbridge Networks
NN 15.87+2.5%3:59 PM EST
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To: Glenn McDougall who wrote (13815)10/26/1999 7:41:00 PM
From: Serge Collins  Read Replies (2) of 18016
 
Glenn McDougall: You state the following, "the deal imo will go through although the company would be well advised to use cash." The question I have for you is -- how can this be done?

The merger agreement clearly stipulates that Stanford shareholders are to receive $30 of Newbridge stock plus (CVR). Newbridge would have to postpone the special meeting and rewrite the agreement in order to do this. Now that would be a major blow to their credibility, or rather, what little credibility they have left.
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