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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (5533)1/13/1999 8:29:00 PM
From: Eman03  Respond to of 21876
 
<<Under the deal, each share of Ascend will be converted into
0.825 shares of Lucent, valuing Ascend at $85.70 a share, or
about $18.5 billion, based on Wednesday's market prices. Based
on Lucent's closing price of $107.875 Tuesday, the deal is
worth about $20 billion. >>

It would seem that LU management anticipated a rise in ASND and a drop in LU, making the purchase right around the upper band of $84-$86 share. Do you all agree?



To: Ibexx who wrote (5533)1/13/1999 9:25:00 PM
From: Stephen M. DeMoss  Read Replies (1) | Respond to of 21876
 
Ibexx, Can you elaborate on your reasoning for buying during the arbitrage between Lu and Asnd? If talks fall through, I understand it will give the stock a pop. I don't see the corrolation between Nscp and Aol. What good can come out from the arbitrage? Thanks in advance. Steve D.


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