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.

Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (29354)	1/5/1998 1:56:00 AM
From: Tech97	Read Replies (2) \| Respond to of 61433

Glen, >>Could they theoretically get agreement of such a deal with ASND, say right now in Jan, 98, and have it be effective in October,1998, thereby obtaining the "pooling of interest" <<< No. One of the condition for pooling-of-interests accounting (note not tax) treatment is that the acquirer (LU) must be an autonomous entity for at least two years prior to the inititation of the merger. Initiation is defined as when two parties agree to the terms of the merger and make a public annoucement. Usually this means that a definitive merger agreement has been reached. I believe the earliest date that LU can qualify for pooling-of-interests accounting treatment is either April 1998 or October 1998 ( will depend on when LU spun off from T). Regards,