RE:RE:RE:Take Over Target It seems to me any badly beaten down stock, including COS, has a risk of being acquired. Further i believe mangaement, the Board, and many of the largest institutional shareholders see a lot more future value than is reflected in the current share price. I fully appreciate any number of companies desire to acquire COS but why would COS recommend to the existing shareholders that they sell? Many of them got into this for the long haul so I see a big gap between what the market price and even a huge premium and what internal assessments of COS value being an obstacle to any transaction at this point in time.
Another obstacle to Imperial going after COS is they are the ones who are responsible for operational management and the related dismal performance so it seems to put them in a conflict of interest optic or worse.
Lastly I believe COS has some form of sharholders rights plan which can be exercised by the BOD. and I think management has a lot of stock options at much higher strike prices so probably not to keen on walking away from the future option value. What was CNOOC purschase price? I think it was around $36/sh, hmmm.
My perspective is not at this time, but thanks for thinking of us. That said management will consider anything proposed