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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject5/24/2001 6:24:46 PM
From: wgh613   of 37746
 
IBEM is moving up After Hours.

Could this be a reason?

PictureTel (PCTL) 4.94 +0.49: Company to be acquired by Polycom (PLCM 27.74 -0.41) for approximately $362 mln, or $6.42 per share (30% premium to closing level). The offer a will be a combination of 0.1177 shares of PLCM and $3.11 in cash. Deal will be accounted for as a purchase. Excluding non-recurring acquisition related expenses and non-cash charges, Polycom expects the acquisition to be slightly accretive in 2002; see press release.
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