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Technology Stocks : The Learning Company (TLC)
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To: Doughboy who wrote (6265)3/15/1999 11:07:00 AM
From: Trader Dave  Read Replies (1) of 6318
 
NO! NO! NO! TLC gets one for one AT OR ABOVE $33 in Mattel based on 10 out of the 20 days (chosen at random) on the ten days prior to the deal closing. The only way that happens is in the unlikely scenario mattel is trading north of $33 before the deal closes.

Between 27.5 and $33 the ten day average will create a ratio to get $33.

If the 10 out of 20 average is $29, you get 1.13793 shares of mattel.

If the average is below $27.50 it is a fixed 1.2 to 1 ratio.

If mattel closes at $26 you get $31.20.

If mattel closes at $23 you get $27.60.

You guys had better do more homework if you're playing the arbitrage.

TD
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