RE:RE:RE:Thinking out loud - comments invited" If our new CEO then gave it the thumbs up I suppose I'd be fine with it, in principle. Even then, regulators or the TSE might still have concerns. "
and I believe the regulators definitely would have a problem with that. I'm trying to remember a case similar and not too long ago where the company got sued for not opening up the bid process to potentially higher outside offers than what the Board was agreeing to. The suit argued, how can you know the true price if the bid processed was closed or limited.
The WIN bid for MSD had inklings of this IMO with Skippens inside track had he been able to pull it off quietly. Might have slid through until the process opened up and Sterling Partners swooped in with much higher price.