And MAI Basic Four Inc has responded by telling Prime that it’s deadly serious about its bid, and committed to completing the $20-a-share tender offer, chairman Bennett LeBow pointing out that his company has already incurred more than $7m in expenses related to the proposed acquisition, adding that MAI’s sole motive in its offer was to acquire Prime – We firmly believe the combined companies will be far more successful than either of us can be alone, he concluded, saying he was prepared to meet Prime at any time.
MAI BASIC FOUR CLAIMS BEING SERIOUS ABOUT PRIME BID
