Covad Communications - COVD Message Board

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Technology Stocks : Covad Communications - COVD

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To: rjk01 who wrote (10113)	4/5/2006 12:04:19 PM
From: JakeStraw	Read Replies (1) of 10485

From briefing.com - 10:30AM Earthlink buys shares of Covad (DVW) 2.13 +0.30 : DVW note in a filing today that at the end of March, Covad sold to EarthLink 6,134,969 shares of common stock for $10 mln, reflecting a price per share of $1.63, which equals 105% of the arithmetic average of the daily volume weighted average trading price quoted on the American Stock Exchange for the cos' common stock for each of the 10 trading days immediately preceding the execution date of the purchase agreement. Also, DVW issued to ELNK a $40 mln 12% senior secured convertible note due 2011, dated as of March 29, for an aggregate purchase price of $40 mln.

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