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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Gary Korn who wrote (22506)11/10/1997 10:15:00 PM
From: Peter Yang  Read Replies (1) of 61433
 
>>I don't believe ASND will do such a thing because it will (1) reduce the takeover margin and (2) use up cash that the acquirer would want<<

They could announce a stock repurchase plan for UP TO 10M shares depending on the market conditions from time to time. They don't have to buy all those shares. For example, they could announce six months later that they have purchased 100K shares and decide not to purchase any more based on the market condition. Many companies have done that. However, the announcement could sweat those shorters.
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