Post by
Lambosntendies on Apr 21, 2023 2:05pm
Offer Disclosure
In the past there was a lot of speculation surrounding a buyout of LME and wether or not an offer was on the table. If LME were to recieve an offer do you think they would public disclose it in order to recieve a more attractive offer?
Comment by
matlas on Apr 21, 2023 2:34pm
If it is a formal offer, they may have no choice. With one that does not rise to that level, the flip side of disclosing that they rejected it is that it would immediatly cause a big jump in the trading price of the stock. As mentioned previously, for one reason or another, they may not want that.
Comment by
matlas on Apr 21, 2023 2:39pm
BTW-I am sure that they have received numerous offers over the years which we never heard about.