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


To: freeus who wrote (45503)4/27/1998 6:00:00 PM
From: thebeach  Read Replies (1) | Respond to of 61433
 
To All ASND'ers:
Can anyone explain the 8000 or so put option trades on the stock today? Seems like an inordinate amount of options to trade?



To: freeus who wrote (45503)4/27/1998 6:06:00 PM
From: Dennis R. Duke  Read Replies (2) | Respond to of 61433
 
It has been discussed a lot on this thread. You may want to go back and read about it.

I think it will be a stock deal if ever done, which means next October at the earliest. LU's currency in share certificates is probablly cheaper than cash for the size of deal ASND would need to be, and at $10 billion that is a lot of cash.

Could you point me where you read that about ASND and LU. We have a curious group that reads a lot.

That is a lot of my opinion, Dennis

Opps - I think I broke my "a lot"!!! 8-)