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Technology Stocks : GateField (GATE) -- Ignore unavailable to you. Want to Upgrade?


To: SyncMan who wrote (3951)5/11/2000 8:50:00 PM
From: ToolManInc  Read Replies (2) | Respond to of 4005
 
Raging Bull...Lawsuits for Gate;
Buyout -- shareholder suits

It was announced that Actel is going to acquire the remaining shares of GateField that it does not already own. As a result, shareholders will only receive $5.25 per share. This offer is incredibly unfair, given, among other things, the company's true inherent value.

I have learned that several shareholder groups are seeking to prevent the takeover. They are seeking to enjoin the transaction or force a fair bidding process to ensure that shareholders receive a fair price.
If you would like additional information, please feel free to e-mail me at mnski@hotmail.com