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EXHIBIT 4
[LOGO OF SPLASH TECHNOLOGY]
September 14, 2000
Dear Stockholders:
We are pleased to inform you that, on August 30, 2000, Splash Technology
Holdings, Inc. ("Splash") entered into an Agreement and Plan of Merger (the
"Merger Agreement") with Electronics For Imaging, Inc. ("EFI") and Vancouver
Acquisition Corp., EFI's wholly-owned subsidiary, providing for the acquisition
of Splash. Pursuant to the Merger Agreement, Vancouver Acquisition Corp. has
commenced a tender offer for all the outstanding shares of Splash's common
stock at $10.00 per share, net to the sellers in cash (the "Offer").
Following the successful completion of the Offer, Vancouver Acquisition Corp.
will merge into Splash (the "Merger"), and all shares not purchased in the
Offer will be converted into the right to receive $10.00 per share in cash in
the Merger without interest. As a result of the Merger, Splash will become a
wholly-owned subsidiary of EFI.
Your board of directors unanimously (1) determined that the Merger Agreement,
and the transactions contemplated by it, including each of the Offer and the
merger, are fair to and in the best interests of Splash and its stockholders,
(2) approved and adopted the Merger Agreement and the transactions contemplated
by it and (3) recommends that the stockholders of Splash accept the Offer and
tender their shares pursuant to the Offer.
Enclosed with this letter is a copy of Splash's Solicitation/Recommendation
Statement on Schedule 14D-9, which describes the reasons for your Board's
recommendation. Also enclosed are the Offer to Purchase by Vancouver
Acquisition Corp., together with related materials, including a Letter of
Transmittal to be used for tendering your shares. These materials set forth in
detail the terms and conditions of the tender offer, and provide instructions
on how to tender your shares. I urge you to read the enclosed materials
carefully in their entirety.
Very truly yours,
/s/ KEVIN K. MACGILLIVRAY
Kevin K. Macgillivray
Chief Executive Officer
SPLASH TECHNOLOGY, INC. . 555 DEL REY AVENUE . SUNNYVALE . CA . 94086 . PHONE:
408.328.6300 . FAX: 408.328.6400
