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Technology Stocks : PALM - The rebirth of Palm Inc.
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To: David E. Taylor who wrote (4055)3/7/2001 9:41:57 AM
From: Souze  Read Replies (1) of 6784
 
"Under the terms of the agreement, Extended Systems' stockholders will receive a number of Palm shares based on the
average closing price for Palm for the 10 trading days ending two business days prior to the Extended Systems'
stockholders' meeting. If the average closing price of Palm stock is between $16.60 and $22.00 per share, Extended
Systems' stockholders will receive a number of shares equal to $22.00 per share divided by the Palm average closing
price. If the average price is at or above $22.00, Extended Systems' stockholders will receive one Palm share for each
Extended Systems' share; if the average price is at or below $16.60, Extended Systems' stockholders will receive 1.325 Palm shares for each Extended Systems' share. Palm will account for this transaction using the purchase method of accounting. The transaction is subject to regulatory and Extended Systems stockholder approvals, and is expected to close in June 2001."

Message 15457976

Correction to: unless PALM is under $22 in June, and even then it's only 1.375:1.

It's rare that I catch you in a slip up, so I have to take advantage of it. <vbg> OTOH, please accept my continuing thanks for the excellent work and perspectives that you bring to this thread.
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