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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: j.d.robbins who wrote (1048)	6/2/1999 11:56:00 AM
From: John Carragher	Respond to of 15615

I haven't seen anything on the tender in my Ameritrade account fyi

To: j.d.robbins who wrote (1048)	6/2/1999 12:20:00 PM
From: LJM	Respond to of 15615

This USWest deal will not close until late in the year 2000, (May or Sept) if it can clear regulatory hurdles and that's a big IF. From my reading of the tender offer, it would appear that USWest must consummate the purchase of Global shares by July 31, 1999 or the merger would be terminated, so I guess they will pay 62.75 to those who choose to tender by that date. Quite a premium against today's price!!! Of course, if you choose to tender your shares, it is likely you will tender on a pro-rated basis. USWest is purchasing only 39,259,305 of the outstanding shares. This deal is also contingent on the FRO deal being consummated. (Which in my mind is another question.) I think I recall that the FRO deal isn't expected to close until September. Odd that the tender offer will be paid before the FRO deal closes or maybe I'm missing something??? Does this mean if the FRO deal does not happen that USWest will still own all that GBLX Stock? By the way, I also own FRO which only adds to my confusion of a deal I barely understand. I have come to the conclusion that I will not tender because of lack of understanding or stupidity. The "powers that be" surely must know more than me...I'm sure the answers are in this 50 page document, but I must say my broker understood it even less than me. My one simple question, if I do nothing, when it's all over...What will I have? My broker could not answer the question...maybe someone out there could help answer my question. Current holdings - 500 FRO, 1200 GBLX> all help appreciated. LJM