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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?


To: Ross Reller who wrote (2733)4/12/2000 11:23:00 AM
From: RocketMan  Respond to of 6516
 
Excellent point. Anyone know if the deal is collared?



To: Ross Reller who wrote (2733)4/13/2000 11:43:00 AM
From: scott  Respond to of 6516
 
"is there a collar on the acq of tvgia?"
Yes,it is collared. From the merger proxy:
"RISKS RELATING TO THE MERGER
The exchange ratio is determined in advance, and fluctuations in the market price of Gemstar common stock will affect the value of the merger consideration to be received by TV Guide stockholders
As a result of the merger, each outstanding share of TV Guide common stock will be converted into the right to receive 0.6573 of a share of Gemstar common stock."


Sorry if that had already been answered. Just now catching up on things. Went steelhead fishing yesterday on the Salmon river. Beautiful day on the river! Glad to have missed yesterdays market action!!! However, it is increasingly hard to catch up on SI threads after missing just a day!!! How do you guys do it???
Best to all,
scott