Decision Industries Corp of Horsham, Pennsylvania has rejected the $11 a share offer from Econocom International BV (CI No 780) saying that it would be inconsistent with its planned activities and strategic objectives and not in the best interests of shareholders; Decision’s Joel Sussman admits that Econocom could still win any battle as his company’s shares are widely held with the management holding only 5% to 6% and no shareholder other than Econocom – now sitting on 13.8% of the equity – holding more than 5%; Econocom has no plans to answer Econocom’s letter propos-ing a merger, and Econocom has filed with the US Federal Trade Commission to acquire at least 50%.
