The original exchange ratio was 0.40.
What about the exchange ratio for the companies' stocks?
Under United's methodology, the exchange ratio would be much lower.
Northrop will recalculate the exchange ratio if its tender offer is extended beyond tomorrow's deadline.
The Northrop Grumman Corporation has set the exchange ratio for its $2.6 billion acquisition of Newport News Shipbuilding.
The two sides reached an impasse on several issues, including the exchange ratio for the deal's stock swap.
Deutsche Telekom this week offered an exchange ratio of 3.2 shares of its stock plus $30 a share in cash, which values VoiceStream at about $205.60 a share.
Under the merger's exchange ratio, DuPont shareholders would receive $68.43 a share, based on Friday's closing stock price, or a total of roughly $60 billion.
General Motors set the exchange ratio yesterday for its planned repurchase of about $9 billion of its shares using stock from the Hughes Electronics subsidiary.
If BCE shares are trading below $34 when the deal is completed, the exchange ratio will be 0.97 BCE share for every Teleglobe share.
At the existing exchange ratio, said Tom Wolzien of Sanford C. Bernstein & Company, the deal enhances the per-share cash flow of Time Warner stock.
