Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : HARBINGER (HRBC) -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (386)	4/8/2000 5:49:00 PM
From: Area51	Read Replies (2) \| Respond to of 402

I think the terms are pretty clear: The deal is structured as a stock swap at a radio of 0.75 share of Peregrine common stock for each share of Harbinger.<\i> siliconinvestor.com

To: James Strauss who wrote (386)	4/8/2000 7:07:00 PM
From: Mike Redding	Respond to of 402

It's very confusing Jim. Thanks for trying to help me understand but I think (now) that the description of $2.1billion was just what it was worth THAT day, and Area 51 makes a valid point: It could be read as just a stock swap. You'd think they'd tell us what exactly we're swapping for, in dollars and cents that is.

To: James Strauss who wrote (386)	4/9/2000 7:50:00 AM
From: Mike Redding	Read Replies (1) \| Respond to of 402

From CBS MarketWatch Peregrine's (PRGN) shares fell 21 1/4, or 37 percent, to 36 1/4. Harbinger (HRBC) is up 2 7/16, or 10 percent, to 26 9/16. Asset management software maker Peregrine Systems said late Wednesday that it would buy the business-to-business enabler for $2.1 billion in stock. As part of the agreement, each share of Harbinger will be exchanged for 0.75 shares of Peregrine, the companies said. At that price, Harbinger's stock is valued at $30.56 per share. There are no collars on the deal. "For our shareholders, it's going to create an organization that's going to be one of the true leaders in e-business solutions," Steve Gardner, Peregrine's chief executive, said in a CBS.MarketWatch.com interview. This was a couple days ago but I think it points out that the "price" paid for HRBC will essentially be .75 shares of PRGN.