RE:RE:RE:RE:?? Breaking news...Tesla has not made a offer for Surge Battery.
The example I offered was to explain how a company's bid to take control of another company might affect the current shareholders' interests.
I didn't get into details as to whether the pursuing company obtained 90 % or more of the shares where they could force a buyout of the minority shareholders, subject to possible judicial review of the buyout price.
I didn't go into the possible outcomes if the pursuing company obtained more than 50 % but less than 90 % of the shares of the target company. To make it clear, the pursuing company needs to receive 66 2/3 to 75 % (depending on the jurisidiction) of a vote taken at a special meeting of shareholders to squeeze out the minority shareholders.
I used $ 70 and $ 75 as examples - my keyboard doesn't have a 'cents' key although I know that I could insert one into a message....it was easier to use the $ key.
My response was simplified to answer a straightforward question posed by a newbie retail investor.
Chill...life is sweet.