Actually, there is a lot shareholders can do. first and foremost, make your displeasure known about the upcoming merger and tell management you are against it. Second, while not advocating spamming, we should go to whatever forums there are that discuss CFMT, and make a big stink about the merger. While I would love to attract new investors to this stock, it really would be inappropriate.
However, the same team of "grassroots" support could also start a message campaign to companies like FSII, LRCX, NVLS, and maybe a few others, to ask if they would be a "white knight" and step in with a better offer for CFMT.
After all, sickly KLIC just made a cash offer for CRPB that puts a 60% premium on this company and also matches the current 52 week high. IF KLIC can do something like this, I am sure the cash rich companies above could easily belly up to the bar.
To date, I know of no better cleaning system on the market for advanced cleaning processes, other than possibly the cryogenic cleaning system that FSII supposedly has in its product portfolio from IBM or ATT, years ago.
Finally, it would make perfect sense for a VC firm to step in and make an offer, taking this company private again, and then do another public offering next year. CFMT offers a means to improve yields should the industry contract (which we believe is not the case). Better cleaning which leads to improved yields, is but one way to increase die output from a wafer output constrained factory.
Just a few random thoughts, but the tone is that a shareholder revolt is in order such that we get true shareholder value for this company when it does succumb to an acquisition.
Whoops, I forgot to mention inundating MTSN with email, telling them you will be voting against the deal unless they improve the offer. There is a great deal of precedence for re-negotiating merger deals when the share prices fall so dramatically.
AV |
