Maxtor MXTR to be Acquired by Hundai? | Stock Discussion Forums

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Technology Stocks
Maxtor MXTR to be Acquired by Hundai?

An SI Board Since November 1995

Posts	SubjectMarks	Bans	Symbol
10	0	0	MXTR

Emcee: Cameron	Type: Unmoderated

Introduction Market Data Compact

The following is an excerpt from SEC filings...

"On October 29, 1995, Hyundai Electronics America ("HEA"),
a subsidiary of Hyundai, orally communicated to the
Special Committee of the Board of Directors of the
Company (the "Special Committee"). HEA's willingness to
increase the price of the offer to purchase all of the
outstanding shares of the Company's Common Stock (other
than the shares of Class A Common Stock owned by the
Purchasers) from $5.15 per share to $6.15 per share. HEA
indicated that this offer was its best and final offer,
and would be withdrawn at 5:00 p.m., California time, on
Wednesday, November 1, unless accepted by that time."

So, does this put an effective limit on price of Maxtor
shares? It certainly was the driving force for its recent
rise.

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
10	Ampex is looking for the best deal for them, which would be signing up as many	RonN	-	1/3/1997
9	HAS ANYONE BEEN KEEPING UP WITH MAXTOR'S DEALINGS WITH AMPEX CORP (AXC)? D	RODNEY W. CURVIN	-	12/27/1996
8	I dunno, try to turn them around, I guess? Hyundai does make computers I have	Dave	-	11/8/1995
7	True enough, so what is Hundai gonna do with 'em?	Cameron	-	11/8/1995
6	Yes, but the deal was good to the share holders. That's all I look at. Bei	Dave	-	11/8/1995
5	The point is, Maxtor used to make the best! Now I suppose Hundai will put a har	Cameron	-	11/8/1995
4	This is good for Maxtor becuase they can get the capital recquired to keep prod	Dave	-	11/7/1995
3	So what good is this to the industry or us for that matter? I saw in the SEC li	Cameron	-	11/7/1995
2	There seems to be some consolidation in the computer bus., huh? I wonder what	Dave	-	11/7/1995
1	From www.maxtor.com "MAXTOR BOARD OF DIRECTORS ACCEPTS HYUNDAI OFFER SAN	Cameron	-	11/4/1995

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