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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: gbh who wrote (55465)10/7/1998 5:38:00 PM
From: BMcV  Read Replies (2) of 61433
 
re takeover price, from Al Tobia at Monty (9/2/98):

>>Assuming no synergies, and based on current valuation levels (Lucent is trading at 34.2x the consensus calendar 1999 EPS estimate of $2.28), Lucent could make a non-dilutive acquisition of Ascend for roughly $58-62 per share.<<

This is from when LU was trading at $78 (34.2 x 2.28); now it's at $57, down 27%. That puts his guess for a non-dilutive takeover bid at $42-45.
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