HARBINGER (HRBC) Message Board

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Technology Stocks : HARBINGER (HRBC)

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To: Mike Redding who wrote (379)	4/6/2000 12:48:00 PM
From: James Strauss	Read Replies (1) of 402

Harbinger stockholders will get 0.75 shares of Peregrine for each Harbinger stock they hold. Peregrine Systems said it expects to issue about 36 million shares in exchange for Harbinger's shares outstanding. Mike: I read it the same way... .75 x 58.00 = $43.50 The only sticking point is the stock for stock portion of the deal... That tends to be dilutive for the Acquiring company... A cash deal would have vaulted the HRBC shares immediately into the lower 40's... The 21.00 drop in PRGN today is just about the cost of the deal, 2.1 billion... Unless this deal falls through, holding on to HRBC is the best choice right now... Jim

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