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 : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (14734)	4/13/1998 8:47:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 22053

I guess your LCI thing is likely to come out pretty good. I'm kinda stymied by that. LCI closed at $38.50. I get $42 worth of Qwest based on average trading price 15 days prior to the actual closing. So, it's 9% below it's current intrinsic value. If QWST goes down, I get more shares to equal $42. If QWST goes up, I get 1.0625 shares of QWST for each share of LCI, no less than $42 in value. Here are the exact terms: Under the agreement, each LCI share will be converted into QWST common stock valued at $42. The actual number of shares of QWST shares to be exchanged for each LCI share will be determined by dividing $42 by a 15-day volume weighted average of trading prices for QWST common stock prior to the closing, but will not be less than 1.0625 shares or more than 1.5583 shares. If QWST's average stock price is less than $26.95, LCI may terminate the merger unless QWST agrees to exchange for each share of LCI the number of QWST shares determined by dividing $42 by such average price. Seems like a no brainer to me. Where am I missing it?