RE:RE:RE:RE:Next director's meetingBearBullMarket wrote: I hope your right, but I thought the posion pill was for a hostile takeover bid whereas managemnt may lose their jobs, if they go private and keep their jobs what stops them from accepting a $2 offer. I would never want to see this happen, but I am also told from equity analusts I know that no investor / fund would pay a 200% + premiuim over SP. They would take an average SP over a period of time and then add +15-20% premiuim.
I think this is why its important for all us shareholders to writre to IR and ask the questions on why their appears to be no focus on SP appreciation. ( promo, buyback, div increase, acqusition ,etc..)
BBM
In a situation where management agrees to a takeover offer, it is called a friendly takeover but still REQUIRES shareholder approval through a tender offer. The only time management can sell a company without worrying about shareholders is when management or a single owner have enough shares to not need a vote. 66.67% is usually the magic number.