Majesco Angry
Majesco SMASH
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Majesco has responded to Trinad's offer to buy 2 million shares with a bit of anger. The firm accused the investors group of trying to perform a takeover without holding a majority share, stating that Trinad was "effectively seeking to acquire control of the company without paying any consideration, let alone a control premium, to our shareholders."
Despite its financial troubles Majesco has decided to reject the offer. Such an offer would have given Trinad an additional 10 percent, bringing their total up to about 22.4 percent owned. The publisher believes that if a more favorable deal was brokered, it would be looked at fairly.
Despite its financial troubles Majesco has decided to reject the offer. Such an offer would have given Trinad an additional 10 percent, bringing their total up to about 22.4 percent owned. The publisher believes that if a more favorable deal was brokered, it would be looked at fairly.