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Technology Stocks : America On-Line (AOL)
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To: Pat Lombardo who wrote (1184)1/3/1999 11:54:00 PM
From: Jorge  Read Replies (3) of 41369
 
Pat...What does the Splitting have to do with creating a negative purchase, or post-purchase situation....It seems to me splitting has nothing to do with the value of the shares...4.5 Billion in dollar value is still 4.5 in dollar value no matter how many shares that represents.

In this case the number of shares is pre-set, so if there were an AOL split before the NSCP deal is finalized would not the number of NSCP shares be adjusted proportionately?....It would seem to me a split is immaterial once a Deal has already been made...The bargaining chips HAVE ALREADY BEEN AGREED TO....

If the AOL offer was not made yet then I can see where NSCP might want to know if AOL is talking about .35 Before or After an AOL split....Now that they've determined the purchase price for NSCP is AOL Before a Split it seems to me NSCP wouldn't care what AOL's stock does as long as NSCP's is proportionately adjusted..

So what difference does it make to anything whether there would be a Split now that the terms have been set?

Regards, George
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