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Technology Stocks : CheckFree (CKFR) -- Ignore unavailable to you. Want to Upgrade?

To: Rob C. who wrote (2225)3/3/1998 11:54:00 AM
From: Benny Baga  Read Replies (1) | Respond to of 8545
 
>>>buy the company?

Won't happen as long as Pete Kight is CEO (own's 12% of the company). Pete built this company from the ground up, and will not let it go. No one entity(sp?) is allowed to own more that 20% of the company, therefore, a hostile takeover will not happen. A takeover would have to be approved by the board (since they own majority), and this will not happen. If Microsoft thought they would have a chance of buying CheckFree, they already would have. IMHO.

Benny



To: Rob C. who wrote (2225)3/3/1998 5:12:00 PM
From: BitWizrd  Respond to of 8545
 
>>Not to discount MSFT's influence on CKFR, but how long will it take for Mr. Gates to realize he has lost to CKFR and buy the company???

<<
Tried once already, about 3.5 to 4 years ago (before IPO). Pete was not selling. CKFR instituted a poison pill shortly after IPO. Bill would also have to convince major holders like Chicago Trib and Intuit to give up their stakes too. I don't think it will happen soon, if ever.


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