The Learning Company (TLC) Message Board

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Technology Stocks : The Learning Company (TLC)

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To: Thomas C. Donald who wrote (5264)	7/31/1998 11:41:00 AM
From: Thomas C. Donald	Read Replies (2) of 6318

Two Positive Developments: The period during which the FTC can challenge the TLC-BROD merger will expire at mid-night tonight. It doesn't look as if there will be any opposition to the merger. Announcements for the special shareholders' meetings on 31Aug98 to approve the merger were filed today. The Tribune DECS have been sold -- they were oversubscribed. This will effectively take the Tribune's TLC shares out of the market for three years. None of the buyers were hedge funds. The terms of the debentures are that Tribune gets all of the appreciation of the TLC stock up to 33-5/8 and the holders get everything above that.

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