RE: RE: takeover I've been involved in a hostile buyout, there are rules in place regarding the treatment of minority shareholders but as long as the purchaser has more money to spend on lawyers they can circumvent the rules to a great extent
minority shareholders made a lot of noise trying to stop the buyout at a ridiculously low price but to no avail, we were eventually forced to accept the offer or hire lawyers to fight it out in court. too costly and time consuming for retail shareholders
the buyout succeeded because the purchaser made backroom deals with the large shareholder, no one will ever know what 'extra' value or benefits the large shareholders received in order to vote in favor of the buyout
this is not a level playing field, voting against MK is our only defense and it will fail if they make deals with other large shareholders, if MK can control the vote now they will also be able to control a future vote on a buyout and they will have zero concern for minority shareholders, they dont make their money y sharing profits with the little guys