Sprint Nextel Corporation (S) Message Board

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Technology Stocks : Sprint Nextel Corporation (S)

S 14.61

+0.9%

Dec 18 4:00 PM EST

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To: LKO who wrote (258)	11/23/1999 9:44:00 AM
From: Cooters	Read Replies (3) of 1691

<<Were shares of PCS distributed to FON shareholders when the tracking stock was created ? >> Yes, shares were distributed to FON holders. There are a few differences between a tracking stock and a spinoff, mainly relating to events surrounding a takeover. I saw a really good article outlining these in detail. I'll see if I can dig it up. For the proposed WCOM deal, I think we are getting the best of both worlds; a premium of WCOM stock for the deal and still retaining a tracking stock consisting of ONLY our existing PCS businesses. Cooters

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