UMG - MediaOne Group Message Board

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Technology Stocks : UMG - MediaOne Group

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To: wogger who wrote (855)	5/7/1999 9:25:00 AM
From: Larry S.	Read Replies (2) of 891

UMG is way of getting T at a discount. UMG today is 79 1/2, T is 58 7/8. If the deal happened tomorrow, you would get .95 shares of T (worth 55.93 + 30.85 cash = $86.78, so about a 10% discount which is normal for a stock deal. T also will add $$ if the stock price of T drops, with a floor of $35 cash if T's stock drops to 51. keep in mind there is regulatory risk and time factor, so 10% discount is very reasonalble. larry

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