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Technology Stocks : Lucent Technologies (LU)
LU 2.650-2.9%Nov 14 9:30 AM EST
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To: KevRupert who wrote (15847)8/26/2000 3:00:47 PM
From: KevRupert  Read Replies (1) of 21876
 
Avaya Spinoff Figures by 9/1/2000:


My interpretation:

Based upon Avaya/Lucent press releases (read below), the actual ratio for the Avaya spinoff should occur within 30 days of the spinoff (9/30/2000). That would lend support for the figures being announced by this Friday (9/1/2000).



11. When will Lucent distribute stock in Avaya to
Lucent shareowners?

We expect the record date, or the date by which you
have to own Lucent stock to be eligible to receive
distributed shares of Avaya, to be in mid-September,
with a distribution of Avaya stock to Lucent
shareowners on September 30.

12. When will trading in Avaya stock begin?

Trading in Avaya stock will begin on a "when issued"
basis in mid- September. By "when issued," we mean
trading as if the stock were already issued and
separately trading from Lucent stock. We expect
regular trading in Avaya's stock will begin on Monday,
October 2.

13. Will Avaya be listed on the NY Stock
Exchange?

We will be listed on the NYSE stock exchange once the
spin off is complete at the end of September. We'll be
announcing the stock symbol at that time.

14. How many shares of Avaya will shareowners
get for each share of Lucent they own?

The actual ratio for the number of unrestricted shares
each shareowner receives will be determined about 30
days before the actual spinoff.
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