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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: Jack Jagernauth who wrote (13780)11/30/2000 10:46:26 AM
From: LemonHead  Read Replies (2) of 18929
 
Hi Jack & group, I need a little help with this one (math).

The way I see GALT this morning is that it is selling at roughly a 25% discount to the buyout multiplier from MRVL.

The multiplier is .674 X (MRVL) $27 = $18.20. GALT is $14.375.

$18.20 minus $14.38 = $3.82. $3.82 divided by $14.38 = 26%.

Do I have this figured correctly?
cbs.marketwatch.com

[snip]
As part of the deal, Marvell (MRVL: news, msgs), whose integrated circuits enable high-speed data storage and transmission, will issue 0.674 shares of its common stock for each of Galileo's (GALT: news, msgs) common shares.

This is very important to me as AIM is asking me to just about double my position.

TIA
Keith
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