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To: Grommit who wrote (10429)4/26/2000 9:53:00 AM
From: 16bit  Read Replies (1) | Respond to of 78498
 
Grommit,

What does "or additional new Ford shares equivalent to the cash value" mean? Do you have any idea of how the equivalent cash value will be determined? If the stock is at $60 the day before the distribution does that mean you could get $20 or 1/3 share (20/60) or would it be 1/2 share (20/(60-20))? Also, if a large number of shareholders take additional shares might this reduce the dividend per share? It might be hard to maintain the $2.00 per share dividend if the number of shares increases by 1/3 to 1/2. Just some thoughts.

Byron



To: Grommit who wrote (10429)4/26/2000 11:59:00 AM
From: Madharry  Respond to of 78498
 
is that a taxable event?