Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: Forest Gump who wrote (812)	9/17/1998 2:59:00 PM
From: Laura E.	of 1096

Integrated Healthcare offer to buy Global September 17, 1998 08:34 AM RESTON, Va., Sept 17 (Reuters) - Hospital software provider Integrated Healthcare Systems Inc. said Thursday it has offered to buy computer hardware maker Global Intellicom Inc GBIT . in a stock swap. Under the offer, each Global common stock or stock equivalent shareholder will receive one share of Integrated, plus two warrants: a Class A warrant to buy one share of Integrated for $3 exercisable for one year and a class B warrant good for one share of Integrated at $5 exercisable for two years, the company said in a statement. Integrated was trading a 2-3/8 Thursday. Global was at 1. The offer is subject to the approval by both boards and that Integrated receives at least a majority of Global's outstanding shares. Global had nearly 8 million shares outstanding, according to S&P MarketScope. If Integrated's stock price goes above 20 percent of the warrant for five consecutive days, the company retains the right to call the warrants for $0.10 for the following 30 days. ((New York newsdesk, 212-859-1610)) REUTERS

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