Global Intellicom--Symbol GBIT Message Board

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Microcap & Penny Stocks : Global Intellicom--Symbol GBIT

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To: tahoeman who wrote (854)	9/27/1998 2:37:00 PM
From: Ron Harvey	Read Replies (2) of 1096

Usually discussions about a buyout offer take place before a public announcement. If there's agreement , it's a done deal, pending shareholder approval. If there's no agreement and the acquiring company still wants to proceed, then the offer is hostile and the offeree fights back immediately. Who makes a legitimate offer without some prior discussions? Of course, with a BB company (more than a few of which are a couple of guys operating from a home office) I suppose that nothing should be surprising. But GBIT isn't BB, so some kind of reaction, however tentative, should have been in order, if only to show some concern for stockholders' curiosity.

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