CheckFree Holdings Corp. (CKFR), the next Dell, Intel? Message Board

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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: Benny Baga who wrote (5190)	4/30/1999 1:16:00 PM
From: zuma_rk	Read Replies (1) of 20297

Not sure on all the details, but if there is a serious offer on the table, the Board would be obligated to convene to evaluate it. I don't think there is a duty to disclose anything if in fact the Board deems that an offer is not in the best interest of the shareholders of the company. Also, I would guess that the Board could shortcut the formal deliberations if it could easily canvass a majority or near-majority of its shareholders to see if they would tender their shares at the price being offered. An potential acquiror could also effectively bypass the Board's decision and "go public" with its tender offer and deal directly with all of the shareholders, taking out newspaper ads, etc. I believe they also have the right to obtain the names and addresses of the shareholders of record for the company to make a direct solicitation. RK (to the best of my recollection -- it's been awhile)

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