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Technology Stocks : GeoCities (GCTY) -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (290)1/28/1999 8:22:00 AM
From: Xpiderman  Respond to of 315
 
per Briefing.com: Yahoo! Inc. (YHOO) 335 7/8: according to the Wall Street Journal, Internet portal and search is said to be in discussions to acquire GeoCities (GCTY 75) in a deal valued at around $2.3 bln; according to CNBC, Yahoo! will offer 0.3384 shares for each GeoCities share.



To: CIMA who wrote (290)1/28/1999 8:23:00 AM
From: dcy  Read Replies (1) | Respond to of 315
 
A stock swap deal. Yhoo to issue .3384 shares of Yhoo common for each share of GCTY. All outstanding GCTY options will convert to YHOO options. At YHOO premarket bid of $345x.3384=$116.75/GCTY share. GCTY current premarket bid =$108.5 and climbing now $111..........
Shares outstanding =31,450,000. Float=4,800,000.


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