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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (4469)	2/11/2000 2:33:00 PM
From: Dennis Nicks	Read Replies (3) \| Respond to of 5102

Something interesting in the 8k filing. Under Article II Section 2.01 (c), conversion of Inprise shares, we have the 0.747 conversion number. It also says that in addition to the CORL shares that INPR shareholders receive, they will also receive "one associated common stock purchase right." It doesn't give an exercise date for this right (or an exercise price). But it seems we also get 0.747 calls per INPR share. With the sinking (stinking) share price it doesn't matter much anyway. Here's the section for your reference: Dennis For your reference: Article II 2.01 (c) Each issued and outstanding share of Inprise Common Stock (other than shares to be cancelled in accordance with Section 2.01(b)), together with the associated common stock purchase rights (the "Inprise Rights") attached thereto issued pursuant to the Rights Agreement, dated as of December 20, 1991, as amended, between the predecessor to Inprise and Manufacturers Hanover Trust Company of California, as Rights Agent (the "Inprise Rights Agreement"), shall be converted into the right to receive .747 (the "Conversion Number") validly issued, fully paid and nonassessable common shares of Corel, no par or nominal value per share ("Corel Common Stock"). Holders of shares of Inprise Common Stock or Inprise Preferred Stock shall also receive, together with each whole share of Corel Common Stock issued to them in the Merger, one associated common stock purchase right (all such rights, the "Corel Rights") in accordance with the terms and conditions of the Rights Agreement, dated as of February 11, 1999, as amended and restated as of March 31, 1999, between Corel and The Montreal Trust Company of Canada, as Rights Agent (the "Corel Rights Agreement"). References herein to the shares of Corel Common Stock issuable in the Merger shall also be deemed to include the associated Corel Rights.