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Technology Stocks : C-Cube
CUBE 35.79-2.1%Dec 16 3:59 PM EST

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To: Maya who wrote (49149)4/28/2000 3:43:00 PM
From: VidiVici  Read Replies (2) of 50808
 
New shares to be called "CUBED"?? And it just describes option symbol changes... anyone know what happens to the premia?

cboe.com

CBOE Research Circular #RS00-321

April 28, 2000

Harmonic Inc. ("HLIT") and C-Cube Microsystems Inc. ("CUBE/UQB/ZCX/WCX") Merger/Spinoff ANTICIPATED Effective Date: May 3, 2000

Shareholders of C-Cube Microsystems Inc. ("CUBE/UQB/ZCX/WCX") have voted to approve a proposed merger with Harmonic Inc. ("HLIT"). Pursuant to the terms of the merger, each share of CUBE Common Stock outstanding at the time of the merger will be converted into 0.5427 HLIT Common Stock. Additionally, immediately prior to and in connection with the merger, each CUBE shareholder will receive a distribution of Common Shares in its semiconductor division, to be named C-Cube Microsystems "New" ("CUBED"). This distribution will be made on a one-for-one basis. The merger and spin-off are anticipated to become effective prior to the open on Wednesday, May 3, 2000.

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