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Non-Tech : CSFB Direct(DIR)

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To: Henry Niman who wrote (389)8/30/2000 8:43:15 AM
From: Rob C.  Read Replies (1) of 406
 
We are not included in the deal.

30 Aug 08:35

Shareholders of Donaldson Lufkin & Jenrette, which is 70% owned by AXA
Financial Inc. (AXF), will receive cash for their stock. AXA and its affiliates
will receive $5.75 billion in Credit Suisse Group stock and $2.39 billion in
cash.

The aquisition doesn't include various issues of DLJ preferred stock, debt
and the tracking stock of DLJdirect Inc. (DIR).

Donaldson Lufkin has 127.8 million shares outstanding.


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