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To: Galirayo who wrote (7243)4/16/1998 1:53:00 AM
From: HeyRainier  Read Replies (1) | Respond to of 9262
 
[ ACCUF ]

Ray,

"...Under the agreement, ACCUF agreed not to solicit other offers and to pay to Architel Systems a fee equal to $1,500,000 plus expenses not to exceed $400,000 if the transaction is not completed due to a competing offer..."

Looks like their hands are tied if they plan on backing out of this one. And with it being this small, it's going to be a painful move.

It looks unlikely that the deal will dissolve.

Regards,

Rainier