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Technology Stocks : EARTHLINK (ELNK) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Allgood who wrote (1842)	11/25/1999 9:47:00 AM
From: dea8	Respond to of 2553

Hi: Jim Roughly this:(my take on this only)<g> Mindspring 'MSPG' will exchange 1.615 shares of its stock for each share of Earthlink 'ELNK'. On merger date (1st or 2nd Quarter of 2000) Last purchase date 3 days before merger?? On merger 100 shares MSPG = 100 shares new ELNK On merger 100 Shares Old ELNK = 161.5 shares new ELNK Example: if on day of merger price was this: Currently Mindspring is quoted at $34.06/share, and Earthlink is quoted @ $57.25/share. There for: 100 old ELNK would be exchanged for 161.5 share new ELNK 34.06 (MSPG price at time of merger) Based upon the exchange ratio, each share of Earthlink should be worth $55.01/share. The premium on the merger is a negative $2.24/share. ($55.01-$57.25) Hope I didn't confuse the issue more <g> Later Dean