C-Cube Message Board - Msg: 8198249

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Technology Stocks : C-Cube

CUBE 36.22

+1.2%

Dec 17 3:59 PM EST

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To: J Fieb who wrote (39169)	3/7/1999 11:55:00 PM
From: Stoctrash	Read Replies (3) of 50808

Hey..at least they got an offer....and it's public info. Just for sh$t's & giggles: What if there was public info that XXXXXXXXXX offered CUBE 30+...and the board said "nope" ...how would you feel? Maybe just like these guys? biz.yahoo.com On Friday, Philips launched an all cash, all shares hostile tender offer of $17.00 a share to VLSI stockholders, a 58 percent premium over the stock closing price on February 25, the day before Philips first made public its merger proposal. VLSI said it has scheduled a board meeting March 23 to consider the offer. In one of the suits filed Thursday in the Delaware Chancery Court, plaintiff Felicia Bernstein accused the board of ''foot dragging.'' ''Defendants' failure to promptly and properly act upon Philips offer evidences their disregard for the premium being offered to VLSI shareholders. By failing to properly pursue the offer, defendants are depriving (Bernstein and the class)...of the opportunity to receive maximum value for their shares,'' the lawsuit says. In addition to asking the court to compel cooperation with any potential acquirer, the lawsuit wants VLSI to ensure that if any conflicts-of-interest do exist on the board, they be resolved ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.'' ''in the best interests of the public stockholders of VLSI.''

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