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Non-Tech : Amati investors -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (29518)12/1/1997 10:35:00 AM
From: Charlie Smith  Respond to of 31386
 
[WSTL bid]

<<too bad AMTX management wasn't deft enough to use the WSTL rebid as leverage to get TXN to go from a cash offer to a stock offer...>>

TXN had no reason to go to a stock bid. They had more than $4 billion in cash from the sale of defense electronics to RTN, and they knew WSTL couldn't stay in the game at levels much above $20 per share. They also didn't want to screw up their buyback plans by doing a pooling transaction.

Regards



To: MangoBoy who wrote (29518)12/1/1997 1:39:00 PM
From: pat mudge  Respond to of 31386
 
[Bids]

<<<too bad AMTX management wasn't deft enough to use the WSTL rebid as leverage to get TXN to go from a cash offer to a stock offer...>>>

Call GS and ask if Westell was capable of making a higher offer. It appears that taking TI's consolation prize was the best they could do.

Pat


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