Prime Computer Inc has agreed with MAI Basic Four Inc in federal district court in Boston not to seek protection immediately under Massachusetts state takeover laws from the hostile bid for Prime from MAI: according to court documents, Prime agreed not to begin legal actions seeking to enforce or invoke the Massachusetts laws unless it gives MAI at least three days’ warning before taking the action, but the agreement doesn’t prevent Prime from invoking the law; as a result, the hearing on MAI’s suit against Prime was adjourned indefinitely.
PRIME AGREES WITH MAI BASIC FOUR NOT TO SEEK PREOTECTION AGAINST BID
