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Technology Stocks : JDS Uniphase (JDSU)
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To: Guy Gordon who wrote (6062)2/7/2000 10:56:00 AM
From: LBstocks  Read Replies (1) of 24042
 
ORTL is down because LU is not paying a premium for the acquisition>

"Under terms of the deal, each Ortel share will be converted into 3.135 shares of Lucent. Based on Lucent's closing stock price of $57 on Friday, the acquisition would be valued at about $2.95 billion, or $177.125 per Ortel share, on a fully diluted basis."

ORTL closed at $177.125 on Friday.

Full article:
dailynews.yahoo.com
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