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samTheFish 12/4/2012 | 11:02:54 PM
re: Alcatel To Buy Astral Point $141M is better than 0. I'm sure there are lots of people just glad to see something.

Congrats (I guess) to AP.

SamTheFish
silent mariner 12/4/2012 | 11:02:54 PM
re: Alcatel To Buy Astral Point Congrats to those that get to keep their jobs. A quick compute says that that is about all that they get to keep. Looks like the venture guys get theit money back. 141 million-113 in vc cash.....

Remove one from the dead pool.
Oakster 12/4/2012 | 11:02:53 PM
re: Alcatel To Buy Astral Point silent mariner writes...

A quick compute says that that is about all that they get to keep. Looks like the venture guys get theit money back. 141 million-113 in vc cash...


Is that the way it works? Do the VCs really get their $113 million back before the other shareholders get a piece of the pie?

Don't all shareholders get Alcatel ADRs in proportion to the Astral Point shares they hold?
samTheFish 12/4/2012 | 11:02:52 PM
re: Alcatel To Buy Astral Point What you said. There are X number of Astral shares out there, and each one will be exchanged for a small fraction of an Alcatel share. I'm saying a small fraction because I'm assuming that Astral Point has way more private shares outstanding than 9M.

Though the VC's usually have a different class of share I think that they all are converted into the same kind in case of a merger.

The later VC's probably lost money - I don't know how much AP diluted in their third round but they raised $80M. I bet it was at way more per share than those VC's will see after the merger. Probably only the first or second round VC's will see their money back.

SamTheFish

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