Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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To: richardred who wrote (777)	7/3/2005 9:53:14 AM
From: richardred	Read Replies (1) of 7253

I haven't seen the Pac-Man used in a long time, but a possibility IMO. Does August want to pay another termination fee is the question. Answer-If KLA wants to pick up the tab and takes it's offer directly to August shareholders. Key points >The Merger Agreement contains certain termination rights for both Rudolph and August, and further provides that, upon termination of the Merger Agreement under specified circumstances, either of Rudolph or August may be required to pay the other party a termination fee of $7.74 million plus expenses or, under certain other specified circumstances, solely the other party’s expenses. > A KLA deal might not have passed antitrust scrutiny with the U.S. Department of Justice, which could "cause substantial uncertainty for August, its customers, employees and vendors and ultimately hurt shareholder value," said Stan Piekos, August's chief financial officer. Another reason Rudolph appeared to be an attractive partner is that it will hold on to August's senior officers.

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