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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Nick Papa who wrote (633)4/12/1999 6:41:00 PM
From: Larry S.  Read Replies (2) of 15615
 
Collars on the GLBX/FRO deal:
The number of Global Crossing shares to be received by Frontier shareholders will be adjusted to produce a value of $62 per Frontier share, as long as Global Crossing shares trade within a range of $34.56 to $56.78 per share (the “collar”) during a pricing period prior to closing. Outside the collar, Frontier shareholders will receive a fixed number of Global Crossing shares, 1.0919 shares at the top end of the collar and 1.7939 shares at the bottom of the collar.
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