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Technology Stocks : Global Crossing - GX (formerly GBLX)

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To: quidditch who wrote (1034)6/1/1999 9:23:00 PM
From: Robert Sheldon  Read Replies (1) of 15615
 
*Btw, does any one know how holders of GBLX will be allocated shares of the two tracking stocks if and when USW deal is consummated? For example, if you have a 1000 share position, do you get 1000 (or whatever the pro rata allocation) of each. What is the allocation if you are required to take both?*

I spoke with management due to the various conflicting news reports . . . They insist that shareholders will be given a choice between G and L shares or may select a mix of both.
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