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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: John Messbauer who wrote (5967)5/19/1998 8:37:00 PM
From: Bosco  Respond to of 6980
 
Dear John - actually, noone really knows if LU has made an overture to BAY or not. Beyond that, I don't know enough about the M&A regulations under the cirumstance to know if LU can or cannot make an offer now but close after the restriction is expired. My guess is that LU could send a letter of intent type of thing. But really, too many shareholders of suffering dogs [not restricted to BAY] have rescue fantasy. Personally, echoing Paul's sentiment, I don't particularly desire LU's rescue, unless it is a super deal. Then, if it is a super deal, I m not particular choosy. I mean, if IBM, CPQ, INTC or even CSCO wants to takeOVER BAY, I can go for that - just give me $80/shr <VBG>!

rgds Bosco



To: John Messbauer who wrote (5967)5/19/1998 8:40:00 PM
From: Beachbumm  Read Replies (1) | Respond to of 6980
 
John, I think JDN answered this once before. (Are you there, JDN?) As I recall, LU cannot even hint at or announce such a deal if they want the pooling of interests treatment. It's not when the deal is consummated but when the offer is made or the handshake done.

Beachbumm



To: John Messbauer who wrote (5967)5/20/1998 11:41:00 AM
From: JDN  Read Replies (1) | Respond to of 6980
 
Dear John: Because accounting rules would select the offer date as the date to apply the restrictions. Thus would have to be recorded as a Purchase not a pooling if offer made now. However, this works to our benefit I believe. If anyone ELSE wants to buy BAY they better act NOW. If they hold off to Oct. then they will be competing with LU which has a bottomless pit to buy with. JDN