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Technology Stocks : PairGain Technologies

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To: Tim Luke who wrote (31103)5/8/1999 12:43:00 PM
From: Gary E  Read Replies (1) of 36349
 
Tim,
This is from the co's site...
Do you have an opinion of how it may affect the small investor ......me

The Rights have certain anti-takeover effects. The Rights will cause substantial dilution to a person or group that attempts to acquire the Company on terms not approved by the Company's Board of Directors, except pursuant to an offer conditioned on a substantial number of rights being acquired. The Rights should not interfere with any merger or other business combination approved by the Board of Directors because the Rights may be redeemed by the Company at the Redemption Price prior to the occurrence of a Distribution Date.

A copy of the Rights Agreement has been filed with the Securities and Exchange Commission as an Exhibit to a Registration Statement on Form 8-A. A copy of the Rights Agreement is available free of charge from the Company. This summary description of the Rights does not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, which is hereby incorporated herein by reference.

THE INTIRE ARTICLE IS FOUND HERE......

pairgain.ni.net

Thanks
Hal
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