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Non-Tech : Lunn Industries (LUNN)
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To: lostmymoney who wrote (1293)10/16/1997 10:37:00 AM
From: Fred Seitel   of 1436
 
r conrad, you said: "We will be going by the book value per share of the combined company ATPX, not Lunn, which is close to 1.00 and we have 1 share instead of ten."

Yup. ATPX x 0.1 is what you will have, and is what is identified as the "Lunn Equivalent Pro Forma" values in the table on page 20 of the prospectus. But the book value per share of ATPX would be much higher than $1, according to the table, as follows:

Maximum Shares Issued case
BV at 31 DEC 96: $4.09
BV at 04 JUL 97: $4.28

Minimum Shares Issued case
BV at 31 DEC 96: $6.70
BV at 04 JUL 97: $6.90

Again, the above values are based on past data and don't necessarily reflect the future. But how would book value change significantly from merging two companies? Isn't book value an item that would be the sum of the two components, or very close to it?

- Fred
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