Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LJM who wrote (1055)	6/2/1999 5:43:00 PM
From: jerryriti	Read Replies (2) \| Respond to of 15615

>risk comes later.....leaving you with shares in both companies, calculated on a preset, prorated basis< OK...I think we can then agree that a decision to hold is a decision to tender and that the the premium is possibly being paid as a palliative to the possibility that you may get some US West in the deal! I assume you could tender and then sell your remaining shares but the possibility of US West ending up as part of your portfolio does not diminish if you hold and do not tender. Impossible to know just how sweet that premium will be but 9 1/2 per cent of one's position is guaranteed at the price of 62.75 and that could rise substantially higher given the self-imposed insider restrictions on tendering. Who or what you will end up taking home from the party is not clearly established should you tender and then hold the remaining shares. Could use a good solid opinion from one of the arbitrage players as those boys/girls generally do their homework before they start their dance. Hope they don't get a cerebral hemorrhage trying to figure this one out! Having already profited handsomely from this investment, I will tender and choose the tracking stock of Global and then let the drama unfold! For now, I am betting on management's acumen and will tolerate the uncertainty! Will follow this thread carefully as the opinions are well reasoned and informative. Good luck to us all and I guess this one typifies the situation "that if you ain't confused, you don't know what's going on".