The Learning Company (TLC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : The Learning Company (TLC)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Deep Six who wrote (6264)	3/15/1999 10:44:00 AM
From: Doughboy	Read Replies (3) of 6318

PMZ: Think about it; would you prefer 1 share of Mattel or 1.2 shares of Mattel for each share of TLC. The price of Mattel is immaterial. Mattel would certainly prefer giving TLC shareholders only 1 share, and IMO whatever Mattel wants is against my interests at this point. Anyway, the deal is a bit more complicated then you state. TLC gets $33 a share only if MAT is at $33 or higher, i.e., 1 for 1 exchange. TLC gets 1 for 1 also if MAT stays between 27.5-33 (fixed by a formula) in the 20 trading days before the closing. TLC gets 1.2 shares MAT if the price stays below 27.5. Ballpark guess, when MAT finally takes out TLC, it'll be at 28 and change. Doughboy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next