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Corrections Corporation of America Message Board

montyya 2 posts  |  Last Activity: Aug 26, 2014 1:50 PM Member since: Dec 18, 2001
  • montyya montyya Aug 26, 2014 1:50 PM Flag

    Still need to worry about the collar. DTV buyout price already reduced to 94.44 with ATT 34.56 (below 34.90 collar). If ATT keeps dropping, so will DTV buyout price.

  • montyya montyya Aug 6, 2014 12:12 PM Flag

    yes 66.50 worth of ATT stock will be given - number of shares prorated based on value of ATT at that time, unless outside the collar of 34.90 and 38.58. If ATT below 34.90 then the number of sahres would be capped at the 34.90 value (less shares given and less equivalent value for DTV shares), and shares given at 38.58 vs prorated which would result in more than 95/share of DTV stock. Today is the first time ATT went below the collar so the drop below 34.90 is equivalent to a drop in DTV value.

    It is pretty surprising that DT V is so far below 95. They are saying 85% chance of deal going through. Even so 100 seems to be a good value for DTV. The 84 value of DTV values ATT at about 32. So either that is what people think it is worth or they do believe the merger will happen. If ATT worth on 32, then stock price should reflect that.

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