C-Cube Message Board - Msg: 4954891

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Technology Stocks : C-Cube

CUBE 36.61

-0.6%

12:52 PM EST

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To: J Fieb who wrote (33954)	6/21/1998 7:42:00 PM
From: CPAMarty	Read Replies (2) of 50808

How does a stock buy back impact a takeover attempt? Maybe CUBE thinks in terms of paying off the convertible debt when it thinks of a stock buyback Buying back CUBE's $86,250,000 of convertible subordinated notes might hamper in protecting themselves against any hostile takeover because, if they don't pay off this debt, an acquiring company would have to buy back approximately 3 million more shares if the takeover price was over the strike of $30/share (price that the notes can be converted to stock)

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