C-Cube Message Board - Msg: 11783748

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Technology Stocks : C-Cube

CUBE 36.04

-0.8%

3:59 PM EST

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To: BillyG who wrote (47310)	11/2/1999 3:00:00 PM
From: Nevin S.	Read Replies (1) of 50808

Guys, the language in the 8K regarding solicitation of other offers is a standard "no shop" provision. No company would do a deal without it, however, as a public company, management has a fiduciary responsibility to stockholders to consider other offers if they were to arise on an unsolicited basis. The break-up fee is there to compensate the other party for costs incurred by the failed transaction(e.g. legal, investment bank advisory fees, etc. )if either party strikes a "better" deal with another buyer/seller. Presumably HLIT could kill the deal and acquire another company similar to DiviComm. If they did within 12 months, they'd owe CUBE the $50 MM.

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