Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.44

-3.1%

11:42 AM EST

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To: Drake who wrote (54657)	9/24/1998 2:33:00 PM
From: Norman Fogelsong	Read Replies (2) of 61433

Drake, At a Morgan Stanley Dean Witter breakfast this morning, one of the managing directors from the firm's M&A group reviewed buyout premiums for the last eight years. The median premium was 30% above the stock's closing price seven days before the deal was announced. More than 90% of all buyout premiums fell within a range of 20-40% above the target stock's closing price a week before announcement. If ASND trades at $50 the week before a deal is announced, we could expect to see an offer of $65. If Mory successfully argues for a "premium" buyout premium, we might see $70. Best regards, Norman.

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