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Technology Stocks : HARBINGER (HRBC)

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To: James Strauss who wrote (392)4/9/2000 2:39:00 PM
From: jon sunray  Read Replies (1) of 402
 
I have observed other acquisitions involving stock exchanges and this one appears to be no different from the available public information. HRBC shareholders will get .75 shares of PRGN for each HRBC share they own, regardless of the price of PRGN or HRBC on the date of sale. The stocks of the two companies will be linked by the marketplace on a daily basis, provided the acquisition is still going to happen, so that HRBC's share price on a daily basis will typically track at approximately 75% of PRGN's share price. The combined company should make PRGN more attractive in the long term, and, hopefully, the investment community will ratchet its price up accordingly. HRBC's price will also follow the direction of any rises and falls. Hopefully, the immediate negative bailout of the PRGN investors will slow, then stop..followed by recognition of the value of the combined companies.
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