Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 209.04

+0.7%

3:59 PM EST

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To: Charles R who wrote (90)	7/6/2000 6:43:08 PM
From: EricRR	Read Replies (2) of 275872

Interesting observation from the bond buy back press release: In conjunction with its tender offer, AMD is also soliciting consents from the registered holders of the Notes to effect certain amendments to the indenture under which the Notes were issued. Holders who provide consents to the proposed amendments would receive a consent payment of $25.00 per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the tender offer. To receive a consent payment, holders must provide their consents to the proposed amendments by the Consent Payment Deadline, which is 5:00 p.m., New York City time, on July 19, 2000, unless extended. What is this term of the deal? And why does one have to accept the offer before earnings are announced? This hints very strongly at bond poker.

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