RE: RE: RE: RE: realistic "Remember it is the shareholder who controls the outcome of a deal, not Jeff
Why do you say that?
Because he said he would let you vote on it? He controls the outcome at many stages, although he doesn't have carte blanche.
He only must do what the Securities Regulations require. If he can choose to do something (that is not required by law and regulation), he can choose not to, as well. Different kinds of offers have different procedural requirenments that depend upon the specifics of offer (like minimum acceptance threshold, whether it is in cash or stock, etc.).
When you happen to control
1. the bidding process
2. the evaluation of which offer is "best"
3. whether you endorse the offer
4. whether you send any offer to the shareholder
The process is mostly up to the Board and the CEO.
The shareholders only have the opportunity to reject an offer. Given that some shareholders would reject anything less than $4, according to some posters, chances are there will be a number of other shareholders who bail out early in order to not risk the shareholders ruining the only deal available (and presumably the highest priced deal available).