Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (5861)	2/16/2000 12:18:00 PM
From: sailorman	Read Replies (1) of 13094

Jim, AMVC was bought out yesterday, for some cash and warrants, and I'm trying to make heads/or tails out the deal, if you get a qoute on yahoo and look under news it gives on the information on the deal. The company said each common share of Advanced Machine Vision would be bought for $1 in cash, plus Key Technology convertible preferred stock redeemable for $1 any time after two years, or convertible at any time into two-thirds of a share of Key common stock for each 10 shares of Advanced Machine Vision common stock. Advanced Machine shareholders also would receive, for each of their shares, a warrant to purchase Key common stock, redeemable at any time for 25 cents in cash or exercisable to purchase 0.025 share of Key common stock at $15.00 a share. Ted Sharp, Key Technology's chief financial officer, said the exact value of the deal will depend on how many shareholders choose to redeem their convertible shares immediately and how many choose to wait the full two years. Key Technology's shares lost 1/16 to close at 9-1/2 on Nasdaq, while Advanced Machine's stock rose 1/16 to close at 1-3/4. Do you have any idea what this is worth. TIA

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