Springtime Questions Abound
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1. Denial. Creo CEO Amos Michelson pens a well-worded letter to 'Cafe CEO Marc Olin, expressing deep disappointment at the latter's adoption of a poison pill, as well as 'Cafe's decision to only court EFI after telling Creo that it would evaluate all offers for the Pittsburgh-based company.
2. Rejection. Creo brings the matter to the Chancery Court in Delaware, charging that these actions prevent 'Cafe's shareholders from realizing the greatest share value. The court refuses to grant a temporary injunction.
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