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Technology Stocks : MCI Communications (MCIC) -- Ignore unavailable to you. Want to Upgrade?


To: Delphi who wrote (1620)4/28/1998 8:54:00 PM
From: Patrick Thompson  Respond to of 1692
 
There are several explanations on this message board, e.g. #1604, but to sum it up: for each MCIC share you would get app. 1.244 WCOM shares as long as WCOM trades at 41 or higher, which it will probably continue to do. (If lower than 41, the ratio changes)



To: Delphi who wrote (1620)6/16/1998 11:48:00 AM
From: Teegir  Read Replies (2) | Respond to of 1692
 
MCI stockholders will get 1.23+ shares of WCOM for each share of MCI stock, based upon the 20 day closing price average prior to the merger. Thus, if the WCOM average is 44/share for the previous 20 days, your MCI stock is valued at about 55. The 1.23+ shares is if the WCOM price is above 41. If it is between 29 and 41, it is different, and if it drops below the low end, MCI stockholders get more shares.