Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

IDT's Offer for WCOM not really $5B

Ours is a basically three-year situation, where we're going to give $800 million in stock, day one, when we close, then six months after that, an additional $800 million in cash and then for two years, free cash flow. So according to what we anticipate, it'll be a minimum of $5 billion. We think it's a good deal for the bondholders.


http://quote.bloomberg.com/fgcgi.cgi?T=marketsquote99_news.ht&s=APSmv5xLSSURUJ3Mg