Seagate would then commence a tender offer for the remaining outstanding shares of LaCie (followed as the case may be by a squeeze-out procedure), subject to a clearance decision from the AMF.
"The president of the United States has every right to believe that what he is saying in his speeches is of the highest confidence of his staff, " Rice said Wednesday night in an interview with "The NewsHour with Jim Lehrer" on PBS. "A rigorous clearance process exists to ensure that, she said, but "in this one case, the process did not work.
The Justice Department will defend continuing use of the pre-clearance provision in oral arguments, but the NAACP has led the charge to raise public awareness of the case.