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 : LCI, Is it worth lettig it ride? -- Ignore unavailable to you. Want to Upgrade?

To: david thor who wrote (382)	3/10/1998 4:07:00 PM
From: william r vines	Read Replies (2) \| Respond to of 411

According to Bloomberg----"the actual number (of shares of Qwest stock issued to LCI stockholders) will be determined by taking the average price of Qwest for the 15 days before the close of the transaction, expected in the third quarter. Qwest will pay no less than 1.0625 shares if the average price is more than $39.53 and no less than 1.5583 shares if it's less than $26.95." Thus, if fortune smiles and Qwest stock continues to rise through the conversion period, say to $50, LCI stockholders would get $53.125 worth of Qwest stock.