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Technology Stocks : Aahh...iNEXTV (AXC) The NEXT Thing!

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To: killybegs who wrote (3826)5/31/2001 9:18:46 AM
From: WAI  Read Replies (2) of 4169
 
Jubimer,
Thanks for the details about the ADS management buyout idea.
Hypothetically at least, what would happen if Bramson (and
others) wanted to buy out all of AXC itself? What choices do
we common shareholders (commoners if you will) have?
Would there be a tender offer for our shares, and if so who decides
the price? Is there any other choice but to take the offer?

Another question would be 'can we see this coming well in advance?'.
From SEC filings, what fraction of AXC is owned or controlled by
Bramson et.al.? Has this number been growing substantially over
say, the last two years? What level would it have to reach to make
you think a LBO was imminent, or at least possible?

Generally speaking, on an ethical level can a management buy-out
ever be justified? Here are the people whose job it is to maximize
shareholder value, and they decide to buy the company from us.
Obviously they think the company is highly undervalued. But they
should increase that value for us and not just for them. Does the
SEC have any guidelines about this?

Thanks again.
Cheers,
William
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