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Technology Stocks : Newbridge Networks
NN 11.97+5.3%Nov 21 9:30 AM EST
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To: Dennis R. Duke who wrote (7659)11/24/1998 12:00:00 PM
From: Glenn McDougall  Read Replies (2) of 18016
 
Would 500 million U.S. be enough to get 15% of Newbridge?
Newbridge has 174 million shares outstanding so 15% would be
26.1 million shares.
They currently trade at ~$27 U.S. and one could assume that a block of that nature would trade at a premium. Perhaps 30-35% ($35.775)
$35.775 X 26.1 million shares = ~ $933,727,500 U.S.

They need more than $500 million to get their 15% of NN.

Regards
Glenn
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