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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: NOW who wrote (50965)12/23/2000 8:50:15 PM
From: jj_  Read Replies (1) of 436258
 
-isn't this sort of strange....

.” Today, the Wall Street Journal reported that AT&T is considering using its cable systems as payment for $3.2 billion owed to Cox and Comcast. “Under an agreement struck earlier in this year, Cox and Comcast can exercise “put” options anytime after Jan. 1 for their respective stakes in the Internet access company. Once the puts are exercised, AT&T is then obliged to pay each company about $1.6 billion in cash or AT&T stock – COX and Comcast get to choose the form of payment…” Contemporary finance run amuck.
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