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Biotech / Medical : Respironics -- Ignore unavailable to you. Want to Upgrade?


To: John Anderfuren who wrote (45)11/13/1997 7:43:00 PM
From: Andy H  Read Replies (2) | Respond to of 103
 
If the RESP price exceeds $31 on average for the 20 days prior to the merger, HDTC holders do get some upside over $24 with a .77 conversion ratio. The conversion ratio is .92 if RESP trades on average below 26; if the RESP average is between 26 and 31 for that 20 day period, HDTC holders get $24 of RESP stock, with the conversion price set based on that average price over the 20 day period.