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To: tcd who wrote (12216)4/26/1999 11:05:00 AM
From: Boris Reynov  Respond to of 12559
 
Not GE, GEC - the British Co, that has nothing to do with GE. Proposed cash deal.



To: tcd who wrote (12216)4/26/1999 11:10:00 AM
From: john dodson  Read Replies (1) | Respond to of 12559
 
4.5 Billion? That equates to roughly $40 per share:

4.5 billion / 110.5 million shares out ~= $40.7 per share.

Which figure is correct? DBC says 3.88 billion, which is
3.88 billion / 110.5 million shares out ~= about $35.1 per share.

Also, has anyone heard whether it's a cash deal or stock swap? Probably the latter. If so, is there a collar? If not there will be some temporary selling on reopen.

-John


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