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Actuate Corporation Message Board

  • veqasfletch2001 veqasfletch2001 Dec 5, 2008 9:30 AM Flag

    It is probably ORCL

    The offer to buy all ACTU shares at $3.50 probably comes from ORCL.
    ORCL, SAP, IBM, MSFT and a few others have interest in ACTU.
    This offer will trigger other offers.
    Nicolas Nierenberg, Co-Founder, Chairman and Chief Architect stopped selling any share below $5. Except CFO, other insiders did not sell. CEO has over 5 million shares, some bought over $5/share. ACTU will not consider any offer below $5. Nevertheless, what do I know? The tender offer game has been very sloppy so far. The BOD needs to get its act together.