The BOD should have to disclose ALL bids to shareholdersLets say book value is $55 or so and they get a bid from Des Jardins for $53....now most shareholder now at $31.50 or so would be very happy to accept $53 but they don't have a chance to because the BOD's main concern is protecting their personal assets.....they wanna keep their high paying jobs
Shareholders have been accepting the bully BOD rules that most companies have....they do not challenge it....all they have to do is bring it up at a meeting to get it voted on and put into the requirements that all bids MUST be disclosed to shareholders....