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Technology Stocks : COMSAT

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To: Daniel Shaffer who wrote (37)11/5/1998 10:15:00 PM
From: eric lerner  Read Replies (2) of 55
 
i am looking for some help with this one...the tender offer coming in dec is for 42 dollars a share..the balance 51% will be a swap of 1 share of lmt for 1 cq...at the current 112 price of lmt
there would appear to be a hugh upside? considering the 2 for 1 split worst case they don't get approval and lmt buys 49% for 42 dollars ..

what am i missing??? thanks

eric
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