MEMC INT'L. (WFR -NYSE) The Sleeping Giant? Message Board

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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant?

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To: Zeev Hed who wrote (3978)	10/22/1998 4:44:00 PM
From: Jonathan Edwards	Read Replies (1) of 4697

Anyone care to make an educated guess as to when the final prospectus is likely to be available (this determines the subscription price, which in turn determines the number of rights to be distributed per share)? Guesses as to the record date for the distribution would also be appreciated. Finally, corrections to the following formula to determine the number of rights per share are welcome: VEBA gets 106M/subscription price (SP) shares. Everybody else gets 94M/SP rights. There are 40,507,216 shares outstanding, and VEBA owns 53.1% or 21,509,332. So the 94M/SP rights are spread pro rata amongst 18,997,884 shares, giving 4.95/SP rights per share...

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