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.

Pastimes : Can the average (?) moron beat the averages? -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (409)	2/24/2003 10:57:14 PM
From: farkarooski	Respond to of 1660

dude, if I understand it correctly, the HYTT stock price has nothing to do with the value of the deal ... the deal is 15 million dollars worth of equivalent HYTT shares ...

To: Steve Felix who wrote (409)	2/25/2003 6:05:47 PM
From: farkarooski	Read Replies (1) \| Respond to of 1660

Digitas Announces Self Tender Offer Monday February 24, 6:04 pm ET Digitas Approves the Repurchase of up to 6,426,735 Shares of Its Common Stock BOSTON--(BUSINESS WIRE)--Feb. 24, 2003--Digitas Inc. (Nasdaq: DTAS - News) announced today that its Board of Directors has authorized a self-tender offer to purchase up to 6,426,735 common shares, or approximately 10% of its outstanding common shares as of January 31, 2003, through a fixed-price tender offer. Under the terms of the offer, Digitas stockholders may offer to sell to Digitas all or a portion of the shares they own at a price of $3.89 per share in cash. The offer price per share represents the average of the closing prices for the past twenty trading days ending Friday, February 21, 2003. The offer will expire at 5:00 p.m., New York City time, on March 25, 2003, unless the offer is extended by Digitas. If more than 6,426,735 shares are tendered, Digitas will purchase shares from tendering stockholders on a pro rata basis. All shares tendered but not purchased by Digitas will be returned promptly to the stockholder. Digitas will finance the tender offer with available cash on hand. The closing price for Digitas' common stock on the Nasdaq exchange on February 24, 2003, the last day of trading prior to the announcement of the tender offer, was $3.90 per share. David Kenny, Chairman and Chief Executive Officer of Digitas, said, "Our stable relationships with our clients, combined with our continuing effectiveness in managing working capital, have afforded us the operating flexibility to provide this opportunity to our stockholders. We believe that this tender offer is consistent with our goals of providing value to our stockholders and increasing our earnings per share. This tender offer will allow us to return a portion of our excess cash to stockholders who elect to participate and provide stockholders with an opportunity to obtain liquidity with respect to those shares." dude, does that mean that if I buy this POS today at 3.10, I can turn around and sell it back to them for 3.89 ... good farking deal ???