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Technology Stocks : Primestar/TCI Satellite (TSATA) -- Ignore unavailable to you. Want to Upgrade?


To: J.S. who wrote (286)3/6/1999 9:01:00 PM
From: Noel  Read Replies (1) | Respond to of 442
 
J.S., sorry I couldn't get back to you sooner. I was out of town.

News articles on the asset purchase have discussed that the deal required the consent of 90% of the bondholders consent to make it work. I am unclear if this is a general requirement, or something specific required either by the covenants of the debt or DIRECTV itself (or perhaps the GM board).

I am looking into it and will get you an answer as soon as I confirm one.

Regards,

NOEL