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Technology Stocks : Seeq Technology Coming Back....
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To: M813 who wrote (2108)6/2/1999 6:40:00 PM
From: jerryriti  Read Replies (3) of 2127
 
You will receive stock in LSI (not a shabby company by any means)of course, you would like to know how many shares..OK, there is a collar and ceiling on this deal so that you get.1095 shares of LSI for every share of seeq up to a value of $30/share of LSI but not les than $24/share of LSI. Let's assume LSI will be over $30 which it is today then you will have a value of .1095 x $30=$3.285/share of Seeq. In your case, 20,000 X 3.285 =$65,700 will be what you will be able to claim in LSI stock. Since LSI closed today @ $38.25 simply divide your $65,700 by $38.75 and you would have in your porfolio, 1695.48 shares of LSI if the deal closed today. However, your final position will depend on the price of LSI on the day the deal closes! Should LSI drop below $30/share you will have to recalculate using .1095 x price of LSI collared at $24! As the price of Seeq approaches $3.28 you may choose to sell and I am sure there are strategies that you could use to maximize gain, but that would take more sophistciated # crunching and arbitrage type maneuvers. If you are unprepared to do some juggling and LSI doesn't grab you, you will do well to sell as the stock approaches $3.28/share which it will as long as LSI stays north of the ceiling. Good luck and check out LSI. If you liked SEEQ, you may love LSI! Please forgive the typos I am in a bit of hurry but felt you could use an answer! Also, please refer to the previous post as it explains how the final price of LSI will be determined!
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