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Strategies & Market Trends : Puff Daddy's Mo' Money Mo' Problems
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To: SouthFloridaGuy who wrote ()1/13/2000 4:42:00 PM
From: Mix94  Read Replies (1) of 896
 
Puff, I know you added some CNKT as a XML play. CNKT is also a CLIC play. CLIC has reached a definitive agreement to acquire ConnectInc.com (Nasdaq: CNKT).
The agreement is structured as a stock for stock merger and will be accounted for as a purchase transaction. Calico will issue approximately 1.2 million shares, at the rate of .081 per share of its stock for each share of ConnectInc.com, for a total consideration of approximately $90 million at current prices. The parties expect that the transaction will close in calendar Q1, 2000 after obtaining shareholder and various regulatory approvals.

As CLIC moved up today, CNKT also up about $0.95.

Please take a look, I like to hear your opinion.

Thanks in advance,

Mix
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