To: Dave Hanson who wrote (270 ) 5/13/1999 5:27:00 PM From: appro Read Replies (1) | Respond to
Type HYTDL into the "Online Investor" search box at top, select Total Report+ (not Total Quote) and press [ENTER]. Sorry for any inconvenience. It really only produces a list of stock symbols of which HYTDL was one going ex-dividend. Other than that, HYTDL is a mystery to me.In a separate public offering closing today, DECS Trust IV, a newly formed trust, sold 12,500,000 DECS at $13 per DECS. The underwriters have up to 30 days to exercise an over-allotment option for up to an additional 1,874,993 DECS. Hyundai has entered into a contract with DECS Trust IV obligating Hyundai to deliver either cash or up to 12,500,000 shares (14,374,993 shares if the over-allotment option is exercised in full) of its registered Maxtor Common Stock to DECS Trust IV upon the maturity of the DECS in three years, or earlier in certain events. Until the maturity of the DECS, or earlier in certain events, Hyundai will retain beneficial ownership and voting rights with respect to its shares of Maxtor common stock to be delivered to DECS Trust IV, and such shares will not be available for sale in the public market. The issuance of DECS was not dilutive because no new shares of Maxtor common stock were issued in connection with the DECS. DECS Trust IV is unrelated to Maxtor, and Maxtor did not receive any proceeds in the DECS offering. The DECS offering was lead managed by Salomon Smith Barney. <<<<<<<<<<biz.yahoo.com
