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 About Tarco
 About Barracuda
 15 Nov, 2006, press release by Tarco and
Barracuda
 Board of Directors and share holder
 Jan 2007, Agreement between Tarco and
Barracuda.
 Tarco merge with Intelco
 Press release :
- 15 Nov, 2006, Tarco press release
- BOD retained City group
- Barracuda press release, showed aggressive faults
in Tarco’s BOD
- Replacement of BOD
 Nominees of two directors by Barracuda
 One Tarco director should step down
 Strength of BODs
 Barracuda agreed to stop activities but on a
condition
 Effect of agreement on company and share holders
 Yes,
 Current market price went up.
 July 2006, FD hired for recommendation and
analysis.
 Nov 15, 2006, Tarco retained City group as a
financial adviser.
 Tarco lacks shareholder support, RiskMetrics
recommendation.
 Shareholder frustrated with company’s poor
financial performance.
 Yes,
 Intelco’s breadth and size, around the world
 Tarco’s tough time, financially poor performance
(better to merge)
 Barracuda and share holders would get more
benefits
 Small company merge with big company
Thank you.

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Sharks in water

  • 1.
  • 2.  About Tarco  About Barracuda  15 Nov, 2006, press release by Tarco and Barracuda  Board of Directors and share holder  Jan 2007, Agreement between Tarco and Barracuda.  Tarco merge with Intelco
  • 3.  Press release : - 15 Nov, 2006, Tarco press release - BOD retained City group - Barracuda press release, showed aggressive faults in Tarco’s BOD - Replacement of BOD
  • 4.  Nominees of two directors by Barracuda  One Tarco director should step down  Strength of BODs  Barracuda agreed to stop activities but on a condition  Effect of agreement on company and share holders
  • 5.  Yes,  Current market price went up.  July 2006, FD hired for recommendation and analysis.  Nov 15, 2006, Tarco retained City group as a financial adviser.  Tarco lacks shareholder support, RiskMetrics recommendation.  Shareholder frustrated with company’s poor financial performance.
  • 6.  Yes,  Intelco’s breadth and size, around the world  Tarco’s tough time, financially poor performance (better to merge)  Barracuda and share holders would get more benefits  Small company merge with big company
  • 7.