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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