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Technology Stocks : Tridex Corporation
TACT 4.6400.0%12:36 PM EDT
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To: David Bauerle who wrote (11)2/16/1997 7:30:00 PM
From: Phil Ancona   of 49
 
David, th IRS has approved the spinoff of TACT to TRDX shareholders. Every TRDX shareholder on the Record Date gets equal shares of TACT. Of course TRDX will drop by the amount of the stock dividend, since every spinoff is effected by a stock dividend. However, I believe that TRDX minus TACT is worth $4 minimum, and I expect that TRDX will trade up to a value of approximately $4 more than TACT. Please note that since the IRS announcement, TRDX minus TACT is currently at its highest spread of 2 1/2.
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