|Well, we could figure out the payout ratio if we knew two things: |
1) How many shares of Agere total
2) How many share of Agere in the IPO
(1) - (2)
shares of lucent
would get us there.
OK, let me try:
Data from : hoovershbn.hoovers.com
IPO to be comprised of 370.3 million Class A common shares, priced in the $15-to-$20 range.
Lucent is expected to retain ownership of all of Agere's Class B stock outstanding, providing the parent with 72.3% of all stock outstanding.
370.3 million = 27.3%
1.3564 billion shares total – 370.3 million Agere shares = 986.11 million shares
986.11 million / 3.39 billion =.29 shares
1/.29 =.344 shares
1 share of Agere for, say 4 shares of Lucent?
Adam, Beuler, anyone?