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

To: bundashus who wrote (1922)	3/19/1999 9:02:00 AM
From: Vinny Ram	Read Replies (1) \| Respond to of 2439

That post says: --------------- . Under the Stock Option Agreement, LCOS granted to USAi and Ticketmaster, THE OPTION TO PURCHASE up to 19.9% of LCOS (about 8.5M shares), at a price of $127.14, IF; 1. LCOS enters into an agreement with someone else to merge; 2. LCOS announces its intention to merge with someone else; 3. The shareholders of LCOS fail to approve the proposed merger with USAi; ------------------------------------------------------------------ (3) above is true ONLY if the shareholders of LCOS disapprove the merger because of another better offer from another company. This is what I understood from WSJ. That is why CMGI is going to wait till the shareholders meeting.