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To: DanielleC who wrote (106688)	11/1/1999 8:29:00 AM
From: Ie Coan Bie	Read Replies (1) \| Respond to of 119973

Wit Capital to Acquire Soundview in exchange with share Under the terms of the transaction, Wit Capital will acquire 100% of the fully diluted shares of SoundView in exchange for approximately $320 million (based on Wit Capital's closing price of $17.56 on 10/29/99) in newly issued Wit Capital Common Shares and options. The exchange ratio in the merger is subject to adjustment for changes in Wit Capital's trading price from $17.56 up to $18.56 or down to $15.56 and is not adjustable for changes beyond these levels. The Board of Directors of each company and the shareholders of SoundView have approved the transaction, which is expected to close in January 2000. Completion is contingent on Wit Capital shareholder approval, regulatory approval and other customary closing conditions. Russell Crabs, President and CEO of SoundView, will take a seat on Wit Capital's Board of Director's and Curt Snyder, Chief Operating Officer of SoundView, will become Chief Financial Officer of the combined entity upon completion of the transaction. biz.yahoo.com