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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Sawtooth who wrote (1052)6/2/1999 2:19:00 PM
From: jerryriti  Read Replies (2) of 15615
 
Please, anyone clarify the downside of accepting the tender. You will receive $62.75 for a percent of the shares tendered (anywhere from 10-17% of the shares you tender based on the #s projected,.i.e., self imposed restrictions on the insiders for tendering their shares and general passivity of many shareholders). Assuming that you are then left with 83-90% of your original shares which can then be used to acquire the tracking stock of your choice, can anyone highlight any scenario under which tendering does not make sense. Take whatever liberties you wish, as I am bemused by what seems a no brainer and a clear cut sweetener for the GBLX shareholder! Is the assumption that the price will rise above the tender offer of $62.75? Could use some feedback as I am feeling too positive about my perception in light of so many who seem to be choosing the non-tender route!
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