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To: VLAD who wrote (27602)8/12/1998 8:39:00 PM
From: Amelia Carhartt  Read Replies (1) | Respond to of 95453
 
Just in from Global Intelligence. Angola oil supply in jeopardy.

Would someone please explain to me how you post an e-mail to the thread?



To: VLAD who wrote (27602)8/12/1998 11:31:00 PM
From: Alski  Respond to of 95453
 
VLAD,
It was advertised as a stock for stock deal. Has almost nothing to do with price. Assuming it goes through as advertised, one day all the CDG shares in your account will turn into FLC shares. If the 1:1.7 ratio doesn't come out even you might end up with a couple extra bucks cash in your account too. The amount of cash will be your fractional share times the closing price on the X day. At least that's how it worked when my RB turned into FLC.
Alski



To: VLAD who wrote (27602)8/13/1998 3:05:00 AM
From: Todd N  Read Replies (1) | Respond to of 95453
 
Vlad,

What is the time line?

I can't find any announced time frame, yet. I check FLC's website...nothing mentioning dates. I checked R & B's separate website...nothing. CDG has no website that I know of. I don't think a date has been determined yet. Usually it is a few months off.

Do the CDG shareholders get 1.7 shares of FLC based on an average closing price over a certain number of trading days?

You will get 1700 shares of FLC in trade for the 1000 shares of CDG you hold (Are you still holding them?) on the determined exchange date.

I finally sold my shares today at the end of the day. I watched the trading today, but it did not act like the ol' CDG we know and love. I don't think CDG is going anywhere up quickly. FLC is weighing it down like an albatross. Too many arbitragers shorting FLC due to the merger. I almost sold it yesterday and moved the money to MDCO. I should have. On a day when CDG would have normally run up about 7%, we went nowhere, in fact we were down about 4% at the same time MDCO and UTI were up almost 10%. I'm afraid that any downward movement in the OSX is magnified without much movement up. FLC also set a new low today.

FWIW, I'm keeping my Feb 20 and 25 calls through the merger as the price fluctuation doesn't affect my margin like holding stock. I hate to let go of my shares so cheap, but I had too much exposure to this one stock anyway. I also haven't finished my DD with FLC yet.

I'm looking to pick up some MDCO as a replacement, if/when it retests the lows set recently. FGII is also looking good at these levels.

What is your plan? Are you going to stick with CDG/FLC long term?

Todd