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Non-Tech : Amati investors
AMTX 1.375-7.1%Dec 23 3:59 PM EST
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To: MangoBoy who wrote (29518)12/1/1997 10:35:00 AM
From: Charlie Smith   of 31386
 
[WSTL bid]

<<too bad AMTX management wasn't deft enough to use the WSTL rebid as leverage to get TXN to go from a cash offer to a stock offer...>>

TXN had no reason to go to a stock bid. They had more than $4 billion in cash from the sale of defense electronics to RTN, and they knew WSTL couldn't stay in the game at levels much above $20 per share. They also didn't want to screw up their buyback plans by doing a pooling transaction.

Regards
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