Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

Nov 24 3:59 PM EST

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To: gbh who wrote (48004)	6/4/1998 12:04:00 PM
From: Darren	Read Replies (1) of 61433

Darren, $4.4B is a stock swap based on ALA's closing price yesterday. If ALA continues continues to tank (it won't),that $4.4B goes in toilet along with it. Don't they just re-adjust the shares accordingly to the price they are willing to pay, which is where the 0.815 calculation would come into play. CNBC reported 20 million shares would be sold to pay for it by ALA, and that ALA was down on the French market by 9% (obviously very common action for the buyer).

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