RE:A bit of a silver lining.Ahs, I see very little chance of a renegotiated lower price. The market will fluctuate but Motorola would get a fantastic deal if the get AVO for their low-ball, first bid.
You are correct about the board, having a 'feduciary duty' to shareholders, being compelled to submit a better offer to the shareholders for a vote.
Management, employees, including Investor Relations, and insiders will promote this offer and they will imply that it is a done deal perhaps with the motivation of discouraging the naysayers from voting 'no'. Also, they like to play the 'The purchaser will walk away' card. Pretty common pattern. My last company takeover offer was rejected by shareholders in spite of the strategy I outlined. Guess what. We got a better offer from the same company.
It is my opinion that we are in a 'no lose' situation. I will be voting 'no' expecting lots of pressure and fear mongering from company reps and insiders. If the offer is rejected, I have no doubt that Motorola will sweeten the offer at least once. I anticipate another offer that is better than $27. If the whole deal fell through, very unlikely', we have a company that is adding significant value every quarter. Where else can a major find a dynamic company operating in a sector that has so much demand?
I may be old but I will not settle for less that what I think my kids, grandchildren and great grandchildren deserve. I want to be reasonable but not stupid.
Best regards,
Elder Ed:-)