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Non-Tech : BJ's Restaurants Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (558)	7/17/1999 2:27:00 AM
From: Lhn5	Read Replies (1) \| Respond to of 865

<< Remember though that Alex Muruelo was an outside takeover threat, while insiders are insiders. These guys own nearly 50% of the company, so it wouldn't be hard to pick up another 10% of the shareholders to support a buyout, say at $2-1/4, which would leave management in control. The question in my mind is first, would they want to own the company, and second, could they find the financing (i.e. ASSI).>> I believe it is not that simple. Any offer has to get by the actual board and their fiduciary responsibility to ALL shareholders first, and if it gets THAT far then there is need for overall shareholder approval. I can't imagine a board that rejected $2 a few months ago would even consider 2 1/4 now. That would be absurd in my opinion. Bob I think you are jumping 3 steps ahead of reality with your conjectures. But I am not an expert on these topics--any other opinions? Anyone speak to management recently?