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Technology Stocks : WCOM
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To: P.T.Burnem who wrote (2717)6/23/1998 5:26:00 PM
From: soylent  Read Replies (1) of 11568
 
FROM THE MCI THREAD ON EXCHANGE RATIO

MCI stockholders will get 1.23+ shares of WCOM for each share of MCI stock,
based upon the 20 day closing price average prior to the merger. Thus, if the WCOM
average is 44/share for the previous 20 days, your MCI stock is valued at about 55.
The 1.23+ shares is if the WCOM price is above 41. If it is between 29 and 41, it is
different, and if it drops below the low end, MCI stockholders get more shares.
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