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Technology Stocks : WebTrends Corporation [WEBT]

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To: AJ Berger who wrote (602)2/27/2001 12:14:31 AM
From: Glenn Petersen   of 614
 
"...if some of that 40% defect..."

Insiders holding 7,897,054 shares (approximately 30%) tied themselves up when they signed the Merger Agreement. From a SC 13D filed by NTIQ:

sec.gov

Pursuant to the Voting Agreement, the WebTrends Shareholders have agreed to vote their shares of WebTrends Common Stock (plus any additional shares of WebTrends Common Stock and all additional options, warrants and other rights to acquire shares of WebTrends Common Stock) beneficially owned by the WebTrends Shareholders (other than certain shares held by trusts or charitable foundations created by certain of the WebTrends Shareholders, for which such persons disclaim beneficial ownership and which shares are expressly excluded from the Voting Agreement) (the "WebTrends Shares") at every WebTrends shareholder meeting and every written consent in lieu of such a meeting to vote the shares (a) in favor of the Merger and the Merger Agreement (the "WebTrends Approval Matters"), (b) in favor of any matter that could reasonably be expected to facilitate the WebTrends Approval Matters and (c) in such manner as NetIQ may direct with respect to all other proposals submitted to the shareholders of WebTrends that relates to the WebTrends Approval Matters. The WebTrends Voting Agreement terminates upon the earlier to occur of (i) such date and time as the Merger shall become effective in accordance with the terms and provisions of the Merger Agreement, or (ii) such date and time as the Merger Agreement shall have been terminated pursuant to Article 10 thereof.
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