Macromedia Shares = $44
Allaire Shares = 7 15/16
Allaire stock it stlightly less than 18% of Macromedia's stock vlaue.
Macromedia is offering 1 share for 5 of Allaires.
$8 x 5 Stocks = $40
Conclusion: Your math is wrong ;-) At closing prices, Allaire stockholders
get a slight discount on Macromedia shares. If however Allaires stock goes
up or Macromedia's stock goes down $4, then it becomes an even swap.
jon
----- Original Message -----
From: "Stephen M. Aylor" <[EMAIL PROTECTED]>
To: "CF-Talk" <[EMAIL PROTECTED]>
Sent: Tuesday, January 16, 2001 8:11 PM
Subject: Re: Macromedia to Merge with Allaire, $360 Million Deal
>
>
> For the ALLR shareholders here: Lets say ya have 500 shares of allr.
>
> You get (hosed) : 100 Shares Macromedia (500 x 0.2) + $1,500 ($3.00 per
ALLR
> share in cash)
>
> and bTW MM shares were down from $44 - 39 on the news, and MM beat the
> streets estimates, but analysts feel the news of the merger and the sales
> numbers is confusing.
>
> http://biz.yahoo.com/oo/010116/48843.html
>
> Yippeeeeee ..... :-( Orfao and Gerth and the ALLaire boyz sold this thing
> co. the river. Problems must have been bigger than we thought with the
> Spectra sales channel or something ..... $11.8 per share? WT Hell is that?
>
>
> ----- Original Message -----
> From: "Michael Morris" <[EMAIL PROTECTED]>
> To: "CF-Talk" <[EMAIL PROTECTED]>
> Sent: Tuesday, January 16, 2001 2:57 PM
> Subject: Macromedia to Merge with Allaire, $360 Million Deal
>
>
> >
> >
> > Macromedia to Merge with Allaire, $360 Million Deal
> >
> > http://dailynews.yahoo.com/h/nm/20010116/wr/tech_macromedia_dc_1.html
> >
> >
> >
>
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