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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: Doug R who wrote (16668)5/9/1998 10:24:00 PM
From: Steve Smith  Read Replies (1) of 79378
 
Doug,

In reference to LGWX, it moves in sync with PLAT because of the merger deal announced back in March.

Here is the ratio:

1 share of LGWX = 0.5769 of a PLAT common share

Therefore, one can watch LGWX and PLAT and trade accordingly. Good luck.

steve

P.S. This is the press release for verification.

biz.yahoo.com

Monday March 16, 3:43 pm Eastern Time

PLATINUM technology to Acquire Logic Works

PLATINUM TECHNOLOGY INC. Inks Pact to Acquire Logic Works Inc.

Mar. 16, 1998, PLATINUM technology inc. (Nasdaq:PLAT - news) said it signed a definitive agreement to acquire Logic Works Inc. (Nasdaq:LGWX - news) in a stock exchange transaction.

Under the agreement, the company said LGWX's shareholders will receive 0.5769 of a PLAT common share for each share of LGWX common stock. Based on PLAT's closing price of $26.56 on March 13 ''the implied purchase price'' for LGWX is about $174,800,000, ''net of cash and
option proceeds and before transaction expenses.''

The acquisition is subject to, among other things, the approval of LGWX's shareholders and is expected to be completed in mid-1998.

PLAT said the acquisition is expected to be additive to its earnings per share following the closing of the transaction.
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