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Technology Stocks : Zenith - One and Only -- Ignore unavailable to you. Want to Upgrade?


To: Kalyan Kolachala who wrote (6255)8/29/1999 9:42:00 AM
From: Robert Utne  Respond to of 6570
 
Two choices for LG once the Official Equity Committee is in place:

1. Negotiate with the committee to obtain an "Unanamous Consent" agreement to submit to all shareholders for a vote. This could be a cash offer for the remaining shares such as the $5 per share offering of Samsung to AST Research minority shareholders.

2. Open all the LG/Zenith records for rigorous examination and face the possibility of answering to charges of alleged bankruptcy fraud. This includes examining the fiduciary responsibilities of Zenith's directors and officers to all Zenith shareholders. Particular attention will be given to the LG transactions between Philips and SMTC as related to the assets of Zenith.

See: airfarecheck.com