5 ms·
It sounds like these people did put their money where their mouth was. They owned the stock. If you think the market is over-valuing a stock you hold, you sel
by superbatfish 10y ago
It sounds like these people did put their money where their mouth was. They owned the stock.
If you think the market is over-valuing a stock you hold, you sell it. If you think it's worth more, then you keep it, and refuse any offers to purchase it for less than you think it's worth.
These people tried to refuse the offer. As mentioned in the footnotes, only those who voted against the deal were entitled to sue for compensation.
- whack 10y agoI somewhat agree with you. My comment is more to the general point of people who don't buy/short any shares at all, and not specifically to people being forced to sell during buyouts.