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Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (31321)	6/11/1999 8:36:00 AM
From: Jack Zahran	Read Replies (1) \| Respond to of 31646

JDN, from what I know the Fairness Opinion is a higher form of valuation that is required in a transaction this size. The complaint makes some very strong points, I think though that the Attorney needs to show that the Fairness Opinion is flawed as well. The TAVA directors may say: "We think that the company is worth a lot more but Prudential, a top tier firm says that the offer is fair. Our outside directors recommend it and we are obligated to put it past our shareholders for vote. After all the shareholders are the ones who have to approve it." But, the class action should look to see if the Inside Directors misled Prudential or told Prudential one thing while they were telling the investors something else. As far as executives in the company taking an interest in the new entity, I think the Attorney needs to show that it is excessive when compared to similar transactions. It would be foolish for the acquiring company not to behoove the current executives to stay on. In the end, the fairness opinion holds the key to a successful class action. Has it been distributed yet?