Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

3:59 PM EST

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To: gbh who wrote (48841)	6/17/1998 7:48:00 AM
From: Lockhart	Read Replies (2) of 61433

A stock purchase is not taxable to stockholders if purchase is made with stock which is the likely scenario. The shares of the purchased company are converted to the purchasers stock at the agreed upon ratio. For instance the ASND purchase of CSCC. CSCC stockholders received .7 shares

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