Amati investors Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Amati investors

AMTX 1.600

+3.9%

Nov 21 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MangoBoy who wrote (29371)	12/1/1997 1:03:00 PM
From: Peter Piper	Read Replies (2) of 31386

Still fishing around TI docs (more fun than the Soros stuff) Texas Instruments DID make a bid on Sep 29, the day before the Westell/Amati announcement. The question is what was the bid price for Amati at that time? It couldn't have been lower that $18 as you are assuming. Why? Because at that time Amati stocks was already in the $18 range. TI had to have made a bid higher than the current price during September 29/30. If you noticed when TI made a bid for Amati at $18 during Nov 4, Amati's stock price was around $16. In other words the bid has got to be higher than the current price. It also seems strange that if TI did make a high bid during September 29, why did Amati shut them out. They could have easily bought more time and work the two bidders. Now Amati shareholders has to pay a 14.8 million fee. That comes to almost .80 per share cost to us. I don't buy the excuse that Westell held a deadline gun to Amati's head and Amati couldn't extend. Anyway, can anybody find out what the bid was for by TI on September 29? Peter Piper (your electronic plumber)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next