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Technology Stocks : Agere Systems (AGR.A & AGR.B) -- Ignore unavailable to you. Want to Upgrade?


To: Adam Nash who wrote (22)2/5/2001 11:04:55 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 98
 
My understanding is that for every six shares of LU, shareholders will receive one of Agere. Hope this helps.



To: Adam Nash who wrote (22)2/7/2001 9:34:35 AM
From: Alex Chilton  Read Replies (1) | Respond to of 98
 
Well, we could figure out the payout ratio if we knew two things:
1) How many shares of Agere total
2) How many share of Agere in the IPO
(1) - (2)
---------
shares of lucent
would get us there.


OK, let me try:

Data from : hoovershbn.hoovers.com

IPO to be comprised of 370.3 million Class A common shares, priced in the $15-to-$20 range.
Lucent is expected to retain ownership of all of Agere's Class B stock outstanding, providing the parent with 72.3% of all stock outstanding.

-so-

370.3 million = 27.3%
1.3564 billion shares total – 370.3 million Agere shares = 986.11 million shares
986.11 million / 3.39 billion =.29 shares
1/.29 =.344 shares

-so-

1 share of Agere for, say 4 shares of Lucent?

Adam, Beuler, anyone?

Alex.