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Technology Stocks : Newbridge Networks
NN 15.87+2.5%Dec 5 9:30 AM EST
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To: Serge Collins who wrote (13944)10/26/1999 9:11:00 PM
From: Rob Riordan  Read Replies (1) of 18016
 
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.

Hey Serge - why would that be a blow to their credibility? If two companies want to change their deal it is pretty easy to do so, all they would need to do is call a special board meeting. A cash deal would help NN as it would remove the uncertainty of the deal and remove the dilutive effect of using stock. I think no deal at all or using more stock than originally planned would be a much bigger blow to their credibility. Rob
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