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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?


To: Polartee who wrote (3030)3/5/1999 8:22:00 PM
From: Dana Merrill  Respond to of 3183
 
What does this statement mean?

(Also from biz.yahoo.com

The agreement also provides @Home Network an option to acquire a 19.9% interest in Excite which becomes exercisable under certain customary circumstances.

Might "certain customary circumstances" be those in which the merger falls through? Otherwise, ATHM gets all the XCIT shares anyway.

-dam



To: Polartee who wrote (3030)3/8/1999 10:29:00 PM
From: Polartee  Read Replies (1) | Respond to of 3183
 
I spoke to Investor Relations today. The merger is now expected to close between the end of April and mid-May. Shareholder vote should be in the second half of April. No specific dates have been set.

Hurry-up and wait.