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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?
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To: marcher who wrote (4748)11/24/1998 11:28:00 PM
From: Larry S.  Read Replies (2) of 4903
 
Marc, Hubert, as i understand the deal, we get .45 AOL shares for each NSCP share. if aol is 100, we $45 worth of stock, if AOL is 150, we get $67.50 worth of AOL stock. If AOL is 60, we get $27 worth of AOL stock. If AOL splits 2:1, then we would get .90 shares of the post-split shares. There is no collar that i have read about if the AOL stock trades above or below a certain price. AOL will trade at a small discount to the conversion value. The price of NSCP stock going forward will be directly tied to the price of AOL stock, and nothing else, unless there is some kind of deal breaker, which i doubt. larry
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