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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: Linda Kaplan who wrote (6500)5/28/1999 10:32:00 AM
From: schlep  Read Replies (2) of 6565
 
Philips expects to close its tender offer for VLSI shares at
the end of the day New York time on June 1 (0400 GMT, June 2).
amsterdam.newsroom@reuters.com))


I think this is tricky working, does it really mean anything different than the current tender offer expires in June 1st and still could be re-extended? Don't they need 80% of the shares to 'close' the deal?

-Schlep
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