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Technology Stocks : AT&T
T 24.55+0.5%3:23 PM EST

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To: Raptech who wrote (1814)1/16/1999 2:15:00 PM
From: HG  Read Replies (1) of 4298
 
Rap & All,

In case anyone is interested, I just received the TCI proxy/prospectus for the ATT/TCI merger.

I haven't gone completely through it yet but it appears to be essentially what we have been discussing. We are voting on three(3) questions.
1."To approve and adopt an amendment to the TCI Charter to combine the Liberty Media Group and the TCI Ventures group."
2. "Proposal to approve and adopt an amendment to the TCI charter to increase the number of authorized shares of Liberty Media Group Series A Tracking Stock to 2,500,000,000 and the number of authorized shares of Liberty Media Group Series B tracking stock to 250,000,000 if the Liberty/Ventures combination is approved.
3."Proposal to approve and adopt the Merger Agreement among TCI/ATT and Italy Mortgage Corp."

The shareholders of TCIA will receive .7757 of ATT.
The shareholders of TCIB will receive .8533 of ATT.

Nothing will happen to the outstanding shares of ATT common stock. They will remain the same. After the merger shares of ATT common stock will reflect the combined assets and businesses of ATT and TCI.

The merger is expected to be completed in the first quarter of 1999.

Just thought I would pass along the highlights for those that have not yet seen it.

Have a great weekend.

HG
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