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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: Will Lyons who wrote (3193)3/29/1999 8:29:00 PM
From: Trumptown  Read Replies (1) | Respond to of 30916
 
"In other words, what is the incentive to sell them back to IDT?" - the 2% in the tender offer...

"Notes will be $1,020 in cash per $1,000 principal amount, plus accrued and unpaid interest"

SR



To: Will Lyons who wrote (3193)3/29/1999 8:31:00 PM
From: Peter Yang  Respond to of 30916
 
>> In other words, what is the incentive to sell them back to IDT?<<

Well, the incentive is 2% of their holdings in addition to whatever interest they should get.