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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: iowamann, Spam Queen who wrote (5432)	9/20/2000 10:14:57 AM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 100058

exI-man - Luminent distribution. freeedgar.com We are currently a wholly-owned subsidiary of MRV. After the completion of this offering, MRV will own approximately 92% of the outstanding shares of our common stock or approximately 91% if the underwriters exercise their over-allotment option in full. MRV plans to complete its divestiture of Luminent by the later of three months after the receipt of a favorable private letter ruling from the Internal Revenue Service or six months after this offering by distributing all of the shares of Luminent common stock owned by MRV to the holders of MRV's common stock. >>>>> offering is 12 mil shares or 8% of capital, so about 136 mil shares (91%) will be distribued to MRVC holders 3 to 6 months after IPO (there are 64 mil MRVC outstanding shares). AFAIK.