Sharks in water

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Sharks in water

  1. 1.  About Tarco  About Barracuda  15 Nov, 2006, press release by Tarco and Barracuda  Board of Directors and share holder  Jan 2007, Agreement between Tarco and Barracuda.  Tarco merge with Intelco
  2. 2.  Press release : - 15 Nov, 2006, Tarco press release - BOD retained City group - Barracuda press release, showed aggressive faults in Tarco’s BOD - Replacement of BOD
  3. 3.  Nominees of two directors by Barracuda  One Tarco director should step down  Strength of BODs  Barracuda agreed to stop activities but on a condition  Effect of agreement on company and share holders
  4. 4.  Yes,  Current market price went up.  July 2006, FD hired for recommendation and analysis.  Nov 15, 2006, Tarco retained City group as a financial adviser.  Tarco lacks shareholder support, RiskMetrics recommendation.  Shareholder frustrated with company’s poor financial performance.
  5. 5.  Yes,  Intelco’s breadth and size, around the world  Tarco’s tough time, financially poor performance (better to merge)  Barracuda and share holders would get more benefits  Small company merge with big company
  6. 6. Thank you.

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