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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.460+1.7%3:17 PM EST

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To: Joseph Silent who wrote (34)7/28/2003 8:06:13 AM
From: richardred  Read Replies (2) of 7265
 
Joe:

It a tough call being a minority shareholder.
Minority shareholders if I remember correctly, have dissenting rights witch can be filed in protest to what they feel is an unfair deal. If enough noise among dissenting shareholders is raised, hopefully an independent appraisal on the fairness of the deal can bring about a more fair opinion. From the information you have provided me, it sure seems like an unfair deal. I would also like to see if MCI investment bankers have a conflict of interest. This, if they are the ones advising and offering an opinion on the fairness of the buyout .

I would also think the bankruptcy court would have to approve funds for such a buyout. IMO-If this is the case. I would think the best interest of the creditors would be to push for an independent sale of the division. In this way a more realistic value could come out to both creditors and minority shareholders.

Are you a minority shareholder?

GITY
RR
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