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Technology Stocks : The Learning Company (TLC)
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To: softcash who wrote (6172)12/14/1998 4:59:00 PM
From: Greg Jung  Read Replies (1) of 6318
 
Mattel's stock go hammered, -8.5; the deal states that TLC gets
$33 in MAT stock if price of MAT in range 27-33, 1.2 shares of mattel if MAT price is below 27 when deal closes. With Mattel at $21 I suspect they will make effort to boost price of MAT or call deal off. I don't know enough about TLC to do it, but MAT is sure a bargain here except they will miss, badly, their expected revenues. So badly for a 30% drop? Dunno. I suspect there is some artificiality of arbitrage involved, maybe the deal's structure made it go haywire.
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