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Non-Tech : Amati investors

AMTX 1.600

+3.9%

Nov 21 9:30 AM EST

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To: Peter Piper who wrote (29527)	12/1/1997 1:54:00 PM
From: MangoBoy	Read Replies (1) of 31386

[TXN bids vs. WSTL bids] << On Nov. 4, Amati received a letter from TI proposing a cash offer of $18 per share. Amati's board of directors met on Nov. 4 and Nov. 6 to discuss the proposal. Amati determined that TI's proposal was a superior bid. Amati met with Westell on Nov. 5 to see if, in light of TI's proposal, it prepared to raise its offer. On Nov. 7, Amati initiated merger discussions with TI. After conducting due diligence, Westell raised its offer to $20 per share on Nov. 12. On Nov. 13, Westell was notified by Amati that it would accept TI's offer and the merger agreement with Westell would be terminated. >> the bolded section is in error. it was TXN who raised their offer to $20/share, not WSTL. mark

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