SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Brite Voice (BVSI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bosco who wrote (492)5/13/1999 10:50:00 PM
From: James B. Barnes  Read Replies (1) of 495
 
Bosco,

They are both correct. The first paragraph is giving an overview of what the total payout INTV will make to acquire the BVSI shares, I think it's kind of an arbitrary way of looking at the deal. It may work out that way however if every shareholder decides to tender their shares. That's because INTV intends to pay everyone that tenders their shares in a prorata manner should more than 9.2 million shares be tendered. If that happens and you and I tender our shares we may end up getting $10.00 per share cash and an as yet undetermined number of INTV shares to make up the difference.

If less than 9.2 million shares are tendered then all those shares will be paid in cash. All those not tendering (& not objecting) will receive an undetermined number of INTV shares after the "effective date".

Personally I think there will be more than 9.2 million tender their shares and it will be a crap shoot as far as whether you end up with $13.40 in value. As the INTV shares go up in value during the 25 trading days prior to the effective date (of the merger) then it will be reducing the number of shares we would receive to complete the $13.40 purchase price.

For me, it may get more tempting to sell my shares on the market prior to the offer closing, if the price gets near enough $13.40.

Regards,
James
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News