Raptor - Where does it go NOW? Message Board

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Technology Stocks : Raptor - Where does it go NOW?

RAPT 35.92

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Dec 29 3:59 PM EST

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To: Pancho Villa who wrote (611)	12/13/1997 12:09:00 AM
From: Ben Wong	Read Replies (2) of 652

ALL: Merger Challenge Against Raptor Systems Believed To Be Without Merit WALTHAM, Mass., Dec. 12 /PRNewswire/ -- Raptor Systems, Inc. (Nasdaq: RAPT) and AXENT Technologies, Inc. (Nasdaq: AXNT) stated today that a'lawsuit had been filed in Delaware's Chancery Court alleging a breach of fiduciary duties by Raptor's directors in connection with the recently announced merger of Raptor and AXENT. Both companies indicated their belief that the claims were without merit. Both companies also stated that the lawsuit currently was not expected to have a material effect on the results of operations or financial condition of either company, the pending merger, or the scheduled closing of the merger, which has been unanimously recommended by the boards of directors of both companies. SOURCE Raptor Systems, Inc.

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