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Technology Stocks : Intersolv News
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To: Ian Burton who wrote (1037)9/15/1998 12:05:00 PM
From: Sorin A. David   of 1069
 
You are right in your perspective. From my end though, I am looking at it as a sale of ISLI to MIFGY. If I make a sell, with the deal closing some time in the future, I would most certainly want the guarantee of a minimum price in case something unforeseen happens (such as te stock of both companies tanking...). Why in the World would I sell the company (call if merge, if you must), and have no idea if I get $1 or $1 billion for it? Makes completely no sense to me. The cash that ISLI will get with such a stupid deal will be about 40% less than what it would have received at the time the merger was announced, and nobody can claim that this drop will not have a material impact on the company going forward.
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