RE:RE:RE:The BOD should have to disclose ALL bids to shareholdersAutoF - the stock does not, and has not traded anywhere near its supposed BV. That tells you the market, and any potetnial acquirers do not find BV a usefuil valuation tool. If the stock trades at $32, then the market says that is what LB is worth. An acquirer that buys it for that or slightly above is NOT lowballing the value. Anyone that buys LB on the expectation it will get above $50 any time soon is smoking some really good Ganja.
autofocus111 wrote: I think you can stick a fork in any takeover possibility now. If the competition doesn't want to pay close to BV (clearly the case since no deal was reached) I see no good reason for shareholders to accept an inferior offer from a hostile takeover attempt either.