Consent solicitation with respect to the board of directors of NetLive Communications Inc.NEW YORK--(BUSINESS WIRE)--March 3, 1997--May Davis Group Inc. announced that on Feb. 28, 1997 it made a demand for a list of stockholders of NetLive Communications Inc. May Davis disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). that it intends to commence a consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with to remove the current members of the board of directors of NetLive and elect new nominees to the board. May Davis, which underwrote a public offering of NetLive securities in August, 1996, stated that it intends to select nominees for the NetLive Board who would be more motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo to maximize In a graphical environment, to enlarge a window to the full size of the screen. See Win Maximize windows. NetLive shareholder value. CONTACT: May Davis Group Inc. Owen May, 212/480-2710 |
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