ADC Telecommunications Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ADC Telecommunications

ADCT 3.510

-0.6%

Dec 26 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: OldAIMGuy who wrote (1095)	10/2/2000 3:09:32 PM
From: Rainmaker	Read Replies (2) of 1944

Hi, TV or anyone else familiar with stock issuance... WRT today's ADCT closing acquistion of BAS, the PR indicated they issued 66 millions shares. Question: Does a company simply say they issue shares and do this, or do they have to buy and then give to the acquired company? I ask this because over the last 10 days since deal announcement, approximately 160M shares have traded (assuming 15.8M daily average). Since the DAZ double-counts (buy and sell are recorded separately), that means 80M shares traded hands. Take away 66M shares for the deal and an actual 12M traded? ADCT pulled GSCO into a room and told them they needed 66M shares for the deal and gives GSCO $10M for this 10-day effort? Just babbling... Thanks. Go ADCT!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next