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Gold/Mining/Energy : Jetform-FORM -- Ignore unavailable to you. Want to Upgrade?


To: Andrew Q. Viet who wrote (316)6/25/1998 5:06:00 PM
From: Scarecrow  Respond to of 530
 
Thread: Other News -- Anti-takeover measures...

OTTAWA, June 25 /PRNewswire/ - JetForm Corporation (NASDAQ:FORMF; TSE:JFM), the global leader in enterprise workflow and electronic forms solutions, today announced that its Board of Directors has implemented a shareholder rights plan (the ''Plan''). The Plan is effective immediately but is subject to regulatory approval.

The Plan has been adopted in order to provide JetForm's Board of Directors and shareholders with sufficient time to assess and evaluate any take-over-bid and, in the event a bid is made, to provide the Board of Directors with an appropriate period of time to explore and develop alternatives which maximize shareholder value. The Plan is also intended to ensure that all of JetForm's shareholders are treated equally if a take-over bid is made. The Plan is not intended to deter take-over bids. JetForm's Board is not currently aware of any pending or threatened take-over bid.

The Plan is operative until the date of JetForm's next Annual and Special Shareholders' Meeting at which JetForm shareholders will consider the Plan. It is anticipated that the meeting will occur on September 9, 1998. To remain effective, the Plan must be approved by more than 50 percent of the votes cast at that meeting.

ABOUT JETFORM CORPORATION

JetForm Corporation, headquartered in Ottawa, Canada (NASDAQ:FORMF; TSE:JFM), is the global leader in electronic forms automation and enterprise workflow, providing solutions that streamline business processes. JetForm's products help organizations reduce costs and increase efficiency across local and wide area networks as well as the Internet. JetForm has offices in the United States, Canada, the United Kingdom, France, Germany, Sweden, China, Singapore, and Australia. For more information on JetForm visit the Company's Web site at www.jetform.com.

SOURCE: JetForm Corporation

/CONTACT: Investor Relations Contact: Heidi K.E. Vincent, JetForm
Corporation, (613) 751-4877 (voice), (613) 234-0039 (fax),
hvincent(at)jetform.com/



To: Andrew Q. Viet who wrote (316)6/25/1998 5:10:00 PM
From: Scarecrow  Read Replies (1) | Respond to of 530
 
Looks to me like we got us a major upside surprise! Zacks had them down for $.16 and we go $.20!

Look for this puppy to break $25 very soon.

Also, looking at some of the late movement, looks like word leaked out, too...



To: Andrew Q. Viet who wrote (316)6/26/1998 12:13:00 AM
From: Sultan  Respond to of 530
 
Interesting that they announced a share holder right plan at this point. The stock is reasonably strong and expected to get stronger with these results. Usually, they announced these plans when the stock has tanked and are either afraid of being taken over cheaply or in this case ?? Opinion ?