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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (27576)	12/10/1998 11:34:00 AM
From: Rainmaker	Read Replies (2) \| Respond to of 36349

Can someone with an Edgar subscription post PAIR's 8A (Report of Unscheduled Event) and SC13G/A (Amended Ownership) filed today on this board? www.sec.gov doesn't have it online yet. Curious to read about the "unscheduled event" and who owns a large chunk of PAIR beside Jay.

To: BWAC who wrote (27576)	12/10/1998 11:41:00 AM
From: Rainmaker	Respond to of 36349

<<If you are correct then it looks like PAIR just stated that all potential offers begin at $55 a share.>> Actually, any HOSTILE takeover bid would require about $140/share due to the $110 Series A valuation on such an event. Granted, the firm undertaking the LBO would get back $55 plus market valuation of PAIR upon successful implementation of thier takeover. The $55 is additional premium that goes to owners of Series A shares. <<So we could throw any possibility of a takeover out the window.>> My read relates only to a HOSTILE takeover. The last sentence of the press release is of greatest interest: "The Rights will not prevent a takeover attempt, but should encourage anyone seeking to acquire the Company to negotiate with the Board prior to attempting a takeover."