Decision Industries Inc, Horsham, Pennsylvania, on the receiving end of a hostile bid from 13.8% share-holder Econocom International BV, is responding with a lawsuit alleging that Econocom filed a false and misleading Schedule 13D with the US Securities & Exchange Commission, and that it engaged in acts intended to manipulate the price of Decision’s shares in contravention of the Exchange Act and the Pennsylvania Securities Act: Econocom is of-fering $11 a share or about $100m.
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