GREY:NOVUF - Post by User
Post by
jimgeorgeon Sep 06, 2013 7:01pm
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Post# 21724072
Itching64
Itching64Itchy,
A "value ioptimization process" doesn't work that way. Once you start a public process, there's no going back. It's never "business as usual" after a company doesn't get offers they like.
They can bypass the public process by quietly asking certain potential acquirers if they can meet their price. The problem with that approach is the news always gets out, then it's quasi-public anyway. And if someone hits their bid, then they almost certainly have issues with not going through a public process - ie, how does the Board know that was the best price available without shopping it?
The Board is protected by going through a very public and thorough process - no one can say they left money on the table. Clearly, this is all NVS is worth.
And for the last time, the BOD does NOT have jobs with Yancheng, only management!