IPEC - #1 in CMP? Message Board

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Technology Stocks : IPEC - #1 in CMP?

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To: Mr. Sam who wrote (756)	1/7/1999 4:49:00 AM
From: Ritz	of 757

As part of the SFAM-IPEC merger agreement, each company issued options to each other allowing each to purchase 19.9% of each other's stock if the merger agreement should be terminated. The option issued to IPEC would allow it to purchase 19.9% of SFAM stock (3,211k shares) at a price of either $14.875 or at a cost of 1/.71 shares of its own stock. Check out this link: edgar-online.com. IMHO the chances of the merger not going through, particularly with the aforementioned option provision are very low. Certainly not justifying an 11.5% discount IPEC is trading at now.... -Ritz

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