Derekwpg: But what is to stop a big fish from slapping down a $10 billion offer to shareholders? Just thinking out loud here. There will be many that would take $20/share right now, even though next year it may be worth 5 times that.
A potential buyer would have to have explicit management consent, else he'd be regarded a hostile acquirer as soon as he crosses the 20% threshold and would be subject to the Shareholder Rights Plan, making his acquisition extremely expensive.
Second, he'd have to acquire at least 90% of all shares to squeeze out those who don't want to sell.
Andrea ("Powered by POET")
