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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: trendmastr who wrote (16989)	7/1/1998 11:15:00 PM
From: iceburg	Respond to of 29386

tm, The answer is no. They are not obliged, however, if the takeover was hostile, the offering company could make it public as well. If they deem the offer acceptable, they would probably announce it and call for a shareholder vote. Have you ever seen a series of press releases from any company: 1. They offered us X 2. we are haggling over y 3. we are thinking about z. Just doesn't happen. They are the officers/board members and we pay them to look out for our best interests, even though it doesn't seem that way at times like this <g>. The board will have to vote on what to do with an offer before they would make it public. Steve