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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1 -- Ignore unavailable to you. Want to Upgrade?


To: King David who wrote (531)7/28/1999 12:35:00 PM
From: Box-By-The-Riviera™  Respond to of 1013
 
.33 of sone for each edfy



To: King David who wrote (531)7/28/1999 12:39:00 PM
From: tuck  Respond to of 1013
 
King David,

From the press release on the merger:

"In the Edify transaction, Security First Technologies and Edify have agreed to a fixed exchange ratio whereby Security First Technologies will issue 0.330969 shares for each share of Edify stock or approximately 6.4 million shares in total."

The deal is supposed to close in early October. As an Edify shareholder, I would expect something in the mail regarding a special meeting re shareholder approval of the merger pretty soon. Hard to imagine the deal not going through, so Edify is the best way to build your position in SONE. It is still trading at a noticeable discount to the takeout ratio.

Cheers, Tuck