RE:RE:RE:David's interview: jeep91 wrote: Is that not using insider information to profit ahead of shareholders.....all company information is to be available to the shareholders....if a buyout is in progress it must be revealed to everyone.
Not really. You gotta think, most companies (good ones at least) constantly have SOMETHING in the pipeline. If what you said is true the employees may never have the chance to purchase shares. Material news 100% needs to be disclosed yes....but deals need to be negotiated. Obviously someone in that company needs to be doing the negotiating and sometimes this could take months. What if 16 companies are looking to buy them out. Do you expect the boards to flood with “X is interested in buying us” 3 hours later “ops that deal didn’t work out but now Y is looking at us!” This could go on for months....that’s not how it works. The company will have time to vet the buyer, make sure they are serious and all that good stuff. Once something official like a LOI is issued that’s when legally a company would be forced to disclose.