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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (4577)9/29/1998 1:05:00 PM
From: Mark Oliver  Respond to of 9256
 
<As a result of the acquisition, all common shares of ATL will be converted into Quantum shares at an exchange rate of 1.7554 Quantum shares for each ATL share, and all ATL stock options will be assumed
by Quantum>

Certainly shouldn't have been a surprise. In fact, they say they'll buy back more shares. Maybe this is seen as a waste of money?

In the end, one can question if they paid too much, but this doesn't make sense.

Regards,

Mark


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