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Technology Stocks : Cascade Communications (CSCC)
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To: William, III who wrote (3692)6/11/1997 10:50:00 AM
From: Chuzzlewit   of 3743
 
William, ASND and CSCC will rise and fall in tandem from now until the merger is consumated. Yesterday, following the anouncement that the merger was approved by the feds, the differential disappeard, and CSCC traded at .7 x ASND, and this will not change (save a couple of cents due to fractional trading rather than decimal) until the companies are merged. CSCC sales and earnings are now considered part of ASND by the market.

Regards,

Paul
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