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Technology Stocks : PairGain Technologies
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To: Patricia who wrote (36007)2/23/2000 10:37:00 AM
From: max power   of 36349
 
<<<Under the terms of the agreement, each share of PairGain?s common stock will be converted into 0.43 share of ADC common stock with a fixed exchange ratio. Based on the closing share price of $46.81 for ADC?s stock on February 22, 2000, the transaction is valued at approximately $1.6 billion. >>>>

I don't see any fixed date of valuation. The only dates I see are yesterdays close to put a $ figure on the deal and the 3rd quarter date when the deal should close. In this quote there is a period after the word "ratio"

max
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