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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: Cy who wrote (17257)2/18/2000 2:54:00 PM
From: Frodo  Read Replies (1) | Respond to of 18016
 
Cy,

Once you sell it, it ain't foreign content, it's cash !!!

No problem (as long as there is a picture of some Queen on it)



To: Cy who wrote (17257)2/18/2000 4:46:00 PM
From: Ian@SI  Respond to of 18016
 
It depends upon the terms and conditions of this hypothetical, unconfirmed, unannounced takeover.

e.g. The old JDS Fitel shares, now JDS Uniphase, still trade on the TSE and are exchangeable for JDSU. The TSE traded exchangeable warrants, or whatever they're called, are still classified as 100% Canadian Content for RRSP / RRIF purposes. Same is true for Promus which was bought by PRI Automation. The PRI Automation shares traded on the TSE are 100% eligible for RRSPs as Canadian content.

If you get real ALA shares, then foreign content rules apply. And I suspect that book and market would be reset the instant that the ALA share replaced the NNC ones in an RRSP or RRIF.

It's something that I personally wouldn't spend a nanosecond worrying about prior to a deal being announced.

FWIW,
Ian.