mccabe takeover, page-8

This is just part of the shareholder softening up process to provide the directors with "due process" and "an excuse to back the deal".

This, plus a large asset write off and possible covenant issues wil give the directors three aces to play in the recommendation of the deal.

Stands out like DB's.

The question is what's the price McCabe?

Me? I'm happy to walk the plank for 10 cents for a nice quick deal. Got to leave a bit of oxygen in the deal to appease the bankers who are likely to want a carve up al la CNP.