SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : COMSAT -- Ignore unavailable to you. Want to Upgrade?


To: eric lerner who wrote (38)11/6/1998 9:47:00 AM
From: bikepath  Read Replies (1) | Respond to of 55
 
I thought the tender was for $45 per share for 33% of outstanding CQ shares. The stock deal is one for one after LMT splits, which would be about $55-$56 per share at today's prices.



To: eric lerner who wrote (38)11/23/1998 12:13:00 AM
From: Daniel Shaffer  Read Replies (1) | Respond to of 55
 
Sounds good, Eric. I don't see any downside except
that you should not expect the lmt share price to stay
where it is. In recent years, it seems almost to be a
rule of thumb that when a big company acquires another
big company, the acquiring company suffers a case of
indigestion and their stock goes down. Often their
stock begins going down even before the signs of
indigestion appear. Examples include NSM after
acquiring Cyrix, Compaq after acquiring DEC, and many
more that others are more familiar with. Investors
appear to be skeptical that these "marriages" will
be successful -- at least in the short run.

If I were in your shoes, I might consider buying put
options to lock in the value of the lmt shares you will
eventually acquire.

Good luck!