The Register: Inprise to investigate 'fairness' of Corel takeoverApr 28, 2000, 15:41 (0 Talkback[s])
(Other stories by Tony Smith)
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"A sign of cold feet? Inprise today admitted it has asked investment bank Broadview to see whether the terms of its takeover by Corel need to be renegotiated."
"Presumably if Broadview concludes the deal is unfair, Inprise and Corel will have to renegotiate. And if Corel's dire pronouncements that it could suffer a cash-flow crisis if the merger doesn't go ahead have anything to them, Inprise will find itself in a much stronger negotiating role."
"Of course, Inprise is being sued by a gang of shareholders who feel the original deal undervalues their shares, so the Broadview plan could be as much about pacifying them as winning better terms from Corel - just as Corel's cash-flow warning could be simply a manoeuvre to get its own shareholders behind the deal."
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