SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Stewart who wrote (3039)9/25/2000 8:46:54 PM
From: John Stewart   of 3661
 
Also from today's filing, with STEAG owning a controlling interest of 32%, they would be able to effectively "sell" the company in 1 year (Brad will not longer be able to block a takeover that STEAG agrees with):

"Also following the one-year lockup period, STEAG shall not directly or
indirectly sell or transfer more than 2.4 million shares of Mattson common
stock in a transaction or series of related transactions to a single person or
group, except: (i) with disinterested director approval; (ii) as permitted
under the exceptions listed in the preceding paragraph; (iii) pursuant to an
acquisition transaction (as defined in the Stockholder Agreement) that will
result in a change of control and has received disinterested director approval
or approval by a majority of Mattson stockholders, excluding STEAG; (iv) after
the third anniversary of the date of closing of the business combination, or
(v) in response to any tender or exchange offer made by another person or group
(other than Mattson, STEAG or an affiliate of STEAG) to purchase or exchange
for consideration all outstanding voting stock of Mattson if such person or
group has acquired beneficial ownership of more than 20% of the outstanding
Mattson common stock."


Best Regards,
John Stewart
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News