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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: AJ Berger who wrote (14877)2/26/2001 12:03:34 PM
From: peter michaelson  Read Replies (1) of 18998
 
WEBT merger is subject to shareholder approval

"SECTION 9.01. Conditions to Obligations of Each Party. The obligations of Company, Parent and Merger Subsidiary to consummate the Merger are subject to the satisfaction of the following conditions:
(a) this Agreement shall have been approved and adopted by the shareholders of Company in accordance with Oregon Law and the issuance of Parent Common Stock in connection with the Merger shall have been approved by the
stockholders of Parent in accordance with Delaware Law;

However, WEBT insiders hold 40% of shares, and presumably they have already agreed to vote their shares in favor of the merger.

This is not to say that NTIQ won't bounce back up, but the merger looks pretty solid to me.

Peter
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