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To: BW who wrote (82918)12/20/2002 10:58:51 AM
From: plugger301  Respond to of 208838
 
10:57 ET CoSine Comms receives takeover bid (COSN) 5.93 halted: Bloomberg.com reports that Cosine has received a $91.6 mln takeover bid from Wyndcrest Holdings. In a letter of intent sent to CoSine last week, Wyndcrest said it would pay about $9.11 a share. The offer equals CoSine's estimated cash balance at the end of the first quarter.



To: BW who wrote (82918)12/20/2002 1:44:10 PM
From: plugger301  Read Replies (1) | Respond to of 208838
 
13:42 ET CoSine Comms rejects takeover bid (COSN) 5.93 +2.00, halted: -- Update -- Announces that its Board of Directors met on Dec19, carefully considered a takeover proposal from Wyndcrest Holdings, and unanimously rejected it as not being in the best interests of the CoSine stockholders.


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