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

To: Peter Piper who wrote (29527)	12/1/1997 1:34:00 PM
From: pat mudge	Respond to of 31386

[TI bids] <<<It also seems strange that if TI did make a high bid during September 29, why did Amati shut them out. They could have easily bought more time and work the two bidders. Now Amati shareholders has to pay a 14.8 million fee. That comes to almost .80 per share cost to us. I don't buy the excuse that Westell held a deadline gun to Amati's head and Amati couldn't extend. Anyway, can anybody find out what the bid was for by TI on September 29?>>> I recall calculating it at around 22.5, based on Westell's price when they set the ratio at .9 to 1.0. Perhaps you're right about the Sept. 30 deadline. Maybe it could have been extended. I only know that was the reason given. As for the backout fee, perhaps TI knew it wouldn't matter if they could get the company for less later. Will we ever know the full truth? Is there a complete truth? Or is this another Rashomon? Pat

To: Peter Piper who wrote (29527)	12/1/1997 1:54:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 31386

[TXN bids vs. WSTL bids] << On Nov. 4, Amati received a letter from TI proposing a cash offer of $18 per share. Amati's board of directors met on Nov. 4 and Nov. 6 to discuss the proposal. Amati determined that TI's proposal was a superior bid. Amati met with Westell on Nov. 5 to see if, in light of TI's proposal, it prepared to raise its offer. On Nov. 7, Amati initiated merger discussions with TI. After conducting due diligence, Westell raised its offer to $20 per share on Nov. 12. On Nov. 13, Westell was notified by Amati that it would accept TI's offer and the merger agreement with Westell would be terminated. >> the bolded section is in error. it was TXN who raised their offer to $20/share, not WSTL. mark