When times are good - if mgmt and BoD do not find attractive bidders...shareholders will mobilize. You should not doubt the power of the shareholder in the good times.
I don't think there are many investors with over 10% ownership in BIR so every vote counts.
RE:RE:RE:RE:RE:RE:Takeover
Theoretically yes! realistically no! Are you going to organize the holders of half plus one of the 265 million shares to vote no? Good grief!. Shareholders hate almost any takeover yet they still seem to go thru without hesitation. JMHO