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Technology Stocks : INPR - Inprise to Borland (BORL)
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To: i-node who wrote (4794)3/26/2000 6:53:00 PM
From: Lewis Edinburg   of 5102
 
It seems obvious to me that if CORL were in the 30s, INPR shareholders would be happy campers & would vote for the deal. OTOH, since the falloff in CORL shares has clearly driven down the price of INPR, the shareholders are unhappy, so they'll vote no.

Since Inprise's price is solely determined right now by the price of Corel, if Corel were to shoot up to $30 suddenly I would sell my stock immediately and not take any gamble that the acquisition would not go through. I do not think that Corel's future stock price is nearly as promising as Inprise's if Inprise isn't tied to Corel.

Because we can't look at the stock price on a single day in time we have to look at where the stock will go. The price on the day of the acquisition (if it goes through) is irrelevant. It could be $3 or it could be $300. It's just that with the price on a downward trend it is reminding all the Inprise shareholders what the future will be like if were are gobbled up by Corel.

Remember, based on the price the Friday before the announcement the prices indicated we were going to get $14+ per share. No one believes that we wilol see that now.

If Corel's price shoots up to $30 ... how many days would it be before we would be able to sell our "new Corel" shares"

You should be able to sell your CORL shares the next day if you choose to do so.

My question is, how would my stock broker know that I had .747 shares of Corel all of a sudden rather than 1.0 shares of Inprise. Remember that I would have to deliver the new "Corel" shares within 3 days of the sale. I have never been through this before and just don't know how these details work out.
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