Broadcast.com (Acquired by Yahoo) Message Board

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Technology Stocks : Broadcast.com (Acquired by Yahoo)

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: George Martin who wrote (1098)	4/1/1999 7:39:00 AM
From: Sam Sara	Read Replies (2) of 1260

<Another factor to watch -- as BAM has repeatedly pointed out -- there will continue to be an opportunity to accumulate more YHOO at a discount up to the time of the merger conclusion. In the case of AOL -NSCP that discount was a somewhat modest 6 - 8 % and obviously declines as merger date approaches. In the case of ATHM - XCIT (conversion 1.03), in the early stages that gap or discount was sometimes quite high, at times more than 15 %. At the time it was a great opportunity to accumulate ATHM. Gap has now decreased substantially and XCIT share price is now up 65 - 70 % from the time of the announcement.> Would someone be kind enough to explain to me the actual mechanics of how to accumulate YHOO at a discount. (I am currently long BCST). Is it as simple as watching the share price of both BCST and YHOO, seeing when the ratio of BCST/YHOO price falls below .77, and then buying BCST? Also, some posters imply that BCST will trade below final anticipated takeover price- neophyte that I am to these things, I don't get it- what market forces cause this trading at a discount?

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