RE:RE:RE:RE:RE:Credit bidding and common shareholders
See, personally I'd like to know exactly what that process entails: specifically, who does the notification for this sort of bidding, and whom exactly are they required to notify? I just can't help noticing a very large (millions of dollars large) disincentive for CS to notify any more parties than are absolutely required. So the question of who/how many are required may be the crucial question for us shareholders.
Perhaps the law provides for a perfectly equitable distribution of this announcement, one which is so efficient it could not be improved upon. Perhaps the potential bidders do have the free time to quickly notice and make maximum use of the opportunity. Admittedly, this would run contrary to my knowledge of most other legal reporting apparatus and the operation of most corporations for which I've worked. But I'm willing to hope.
If, however, a rowdy group of activist investors could light a bit of a fire under the process by spreading the word, I'm not above putting a little effort into my own financial success.
So I'm keenly interested in anyone who has actual law or process to cite, and especially interested in any past experience with this type of bidding in that type of market.