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Technology Stocks : Ascend Communications (ASND)
ASND 209.02-0.7%3:59 PM EST
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To: Jan Crawley who wrote (48046)6/4/1998 4:42:00 PM
From: ALAN  Read Replies (2) of 61433
 
Pooling of Interests

Requirement:

"Each of the combining companies must be autonomous and not have been a subsidiary or division of another corporation within two years before the plan of combination is initiated.

The initiation date is the earlier of :

(1) The date of public announcement, or notification to the shareholders of any one of the combining companies, of the major terms of the plan, including the ratio of exchange or a formula that provides for the ratio of exchange

(2) The date the shareholders of the combining company are notified in writing of the exchange offer."

Based on the above, seems they cannot do much of anything until October 1, 1998.
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