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Gold/Mining/Energy : MGI Software (MGI on the TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Trader Dave who wrote (264)	5/22/1998 1:46:00 PM
From: Steve Stinson	Read Replies (1) \| Respond to of 553

If they said no, they would have been on the hook for a million dollars. This way they get out of the deal at no direct cost. I suspect Discreet saw that the merger would not be starting on the best of terms if they insisted on the deal and were unwilling to improve their bid. I would be surprised if MGI actually contested Discreet's decision to terminate the deal. If they do, it would only raise questions about MGI's prospects and future viability. Steve