MSI Data Corp’s board and officers now face a lawsuit from dissident shareholders purporting to represent the company over their efforts to escape the clutches of Telxon Corp, saying that the company’s officers acted to prevent any takeover except on terms acceptable to the defendents: since MSI has agreed to be acquired for an indicated […]
MSI Data Corp’s board and officers now face a lawsuit from dissident shareholders purporting to represent the company over their efforts to escape the clutches of Telxon Corp, saying that the company’s officers acted to prevent any takeover except on terms acceptable to the defendents: since MSI has agreed to be acquired for an indicated $23 a share where Telxon was offering at best $20, the suit does not seem to have much going for it.
