The following is an excerpt from SEC filings...
"On October 29, 1995, Hyundai Electronics America ("HEA"),
a subsidiary of Hyundai, orally communicated to the
Special Committee of the Board of Directors of the
Company (the "Special Committee"). HEA's willingness to
increase the price of the offer to purchase all of the
outstanding shares of the Company's Common Stock (other
than the shares of Class A Common Stock owned by the
Purchasers) from $5.15 per share to $6.15 per share. HEA
indicated that this offer was its best and final offer,
and would be withdrawn at 5:00 p.m., California time, on
Wednesday, November 1, unless accepted by that time."
So, does this put an effective limit on price of Maxtor
shares? It certainly was the driving force for its recent
rise. |
