<TABLE class=MsoNormalTable cellPadding=0 border=0><TBODY><TR><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt"><?xml:namespace prefix = o ns = "urn:schemas-microsoft-com
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Shares are currently trading at $24.76, and you can put them in for tender at $25 after you have owned for 3 days(settlement is 3 business days). As long as they get enough shares in for tender, which they shouldn't have any problem being it's free money, then it's a quick 1% in less than a month.
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<TABLE class=MsoNormalTable cellPadding=0 border=0><COLGROUP><COL><TBODY><TR><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">December 27, 2006 10:31 AM ET <o></o>
</TD></TR></TBODY></TABLE>Ericsson Begins Tender Offer for Redback<o></o>
All Associated Press News<o></o>
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-comffice:smarttags" /><st1:State w:st="on"><st1lace w:st="on">NEW YORK</st1lace></st1:State> (AP) - Mobile phone service provider LM Ericsson said Wednesday its tender offer to buy Redback Networks Inc. was approved by Redback's board.<o></o>
Ericsson announced plans to buy Redback, a networking equipment maker, earlier this month for $25 per share, or roughly $2.1 billion.<o></o>
The tender offer, which expires on Jan. 23, does not include financing conditions.<o></o>
Ericsson shares were unchanged at $40.45 in morning trading on the Nasdaq, while Redback shares were unchanged at $25.05.<o></o>
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></o>Shares are currently trading at $24.76, and you can put them in for tender at $25 after you have owned for 3 days(settlement is 3 business days). As long as they get enough shares in for tender, which they shouldn't have any problem being it's free money, then it's a quick 1% in less than a month.
<o
></o><TABLE class=MsoNormalTable cellPadding=0 border=0><COLGROUP><COL><TBODY><TR><TD style="PADDING-RIGHT: 0.75pt; PADDING-LEFT: 0.75pt; PADDING-BOTTOM: 0.75pt; PADDING-TOP: 0.75pt">December 27, 2006 10:31 AM ET <o
></o></TD></TR></TBODY></TABLE>Ericsson Begins Tender Offer for Redback<o
></o>
All Associated Press News<o></o><?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com
ffice:smarttags" /><st1:State w:st="on"><st1lace w:st="on">NEW YORK</st1lace></st1:State> (AP) - Mobile phone service provider LM Ericsson said Wednesday its tender offer to buy Redback Networks Inc. was approved by Redback's board.<o></o>Ericsson announced plans to buy Redback, a networking equipment maker, earlier this month for $25 per share, or roughly $2.1 billion.<o
></o>The tender offer, which expires on Jan. 23, does not include financing conditions.<o
></o>Ericsson shares were unchanged at $40.45 in morning trading on the Nasdaq, while Redback shares were unchanged at $25.05.<o
></o></TD></TR></TBODY></TABLE>
