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Technology Stocks : Globalink (GNK)
GNK 20.21-6.0%Feb 4 3:59 PM EST

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To: margaret foley who wrote (157)9/29/1998 3:36:00 PM
From: david james  Read Replies (1) of 159
 
Globalink, Inc. Makes Announcement

FAIRFAX, Va.--(BUSINESS WIRE)--Sept. 29, 1998--Globalink, Inc. (AMEX:GNK -
news), a leading provider of language translation solutions, announced today that its merger with Beach, Inc., a wholly owned subsidiary of Lernout & Hauspie Speech Products N.V. has been consummated.

Pursuant to the merger, 0.120610 shares of Lernout & Hauspie Speech Products N.V. common stock will be issued in exchange for each
outstanding share of Globalink common stock. Cash will be paid in lieu of fractional shares.
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