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To: Dotty who wrote (50682)7/15/1999 1:48:00 PM
From: JakeStraw  Read Replies (1) | Respond to of 120523
 
Probably related to this -
Compuware to Acquire Viasoft, Inc.

PHOENIX--(BUSINESS WIRE)--July 15, 1999--Compuware Corporation (NASDAQ: CPWR - news) and Viasoft, Inc. (NASDAQ: VIAS - news) today announced they have entered into an agreement for Compuware to acquire Viasoft through a cash tender offer. A wholly owned subsidiary of Compuware will offer to purchase any and all outstanding shares of Viasoft's common stock for $9 per share. The transaction has been approved by the Boards of Directors of both Viasoft and Compuware.



To: Dotty who wrote (50682)7/15/1999 2:51:00 PM
From: kha vu  Read Replies (1) | Respond to of 120523
 
VIAS: the acquired share price is fixed at $9.00 provided that you TENDER the share. This means that you have to wait for a couple of months as set by the acquirer and pay reorg fees. If this period is extended then you have to wait again: sometimes 6-8 months before you can make use of the money. So people often sell share on the open
market.
With a fixed price you usually do NOT get the full $9.00 when you sell it on the market.

Usually the hedge funds would buy VIAS on the market for less than
$9.00 and collect the difference from the acquirer.

In case of ABT bought AZA or Voicestream bought OMPT, the share price is determined by a formula. Each share of AZA worth 1.2 share of ABT,
if ABT goes up then you collect more OR less if ABT going down.
In case of OMPT, each share worth .8xx of VCS plus $8.00 cash. Therefore in these cases you see OMPT or AZA changes ....

Hope this answer your question.