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Technology Stocks : Oak Technology (OAKT) -- Ignore unavailable to you. Want to Upgrade?

To: AreWeThereYet who wrote (4189)11/18/1998 10:01:00 AM
From: Peter Smith  Respond to of 4335
 
Figures! Drive the company into the ground and then when its got great future prospects try a buyout.



To: AreWeThereYet who wrote (4189)11/18/1998 10:15:00 AM
From: Peter Smith  Respond to of 4335
 
How long will they "halt" the stock? Waiting to see how the market treats this news.



To: AreWeThereYet who wrote (4189)11/18/1998 10:51:00 AM
From: Artsy214  Respond to of 4335
 
will we be forced to sell our shares if the company accepts Tsang offer



To: AreWeThereYet who wrote (4189)11/18/1998 11:30:00 AM
From: Bonzo  Read Replies (4) | Respond to of 4335
 
aC what an absolute axxhole this guy Tsang is. I'm riding this stock down from low double digits to low single digits only for this Yokel to buy me out at $4.50? This proposed action by Tsang indicates to me that he was never interested in enhancing shareholder value and may have wanted to depress the price so he could low-ball the buy-out with his Asian backers. The stock shows signs of life and then he springs the offer? This management led buy-out group did not suddenly spring up over-nite. The OAKT board and shareholders should resoundly reject this offer because it is absurd. What does that say about a board who would accept such an offer? If this offer is approved I would expect further litigation via class action - and although I hate most shareholder class action litigation - this one would have some creedence imo.



To: AreWeThereYet who wrote (4189)11/21/1998 3:08:00 PM
From: Ken Ridge  Read Replies (1) | Respond to of 4335
 
aC, you've been pretty quiet following the buyout offer, and subsequent shareholder suit.

It seems to me this ties the stock in a knot. The obvious conflict of interest in making the offer in the first place and the possible argument that it (deliberately?) puts a "cap" on the market price, creates a possibility that the suit will continue, even if the offer is now withdrawn.

If this happens, where will the market move the stock?


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