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Technology Stocks : The Learning Company (TLC)
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To: Thomas C. Donald who wrote (6239)2/1/1999 6:29:00 PM
From: Doughboy   of 6318
 
TCD: Correct me if I'm wrong, but doesn't this move by Mattel bode well for the exchange ratio? If I recall, TLC shareholders get $33 or greater if the MAT price stays between 27-33 in the 20 trading days before closing. And we get 1.2MAT if below $27. With MAT hitting 25 today and assuming MAT hitting their numbers tomorrow, $27 should be a piece of cake, and we should get at least $33 for each TLC share. I'd still end up under water, having bought BROD at $38 (adjusted for .8TLC/BROD exchange), but it's better than nothing.

Doughboy.
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