3 ms·
I think it's a great move. Prevents short term greedy shareholder strategies.
by edhu2017 8y ago
I think it's a great move. Prevents short term greedy shareholder strategies.
- jonknee 8y agoBy paying a large premium to the all time high? If he's worried about the stock going down, paying more for it doesn't make a ton of sense. You should wait until the stock is down and then take it private.
- aembleton 8y agoBy paying a 20% premium he's ensuring that the short sellers will need to buy shares at the premium price guaranteeing that they've lost at least 20% of what they've gambled.
- jonknee 8y agoAh yes, overpay so you can stick it to the big mean short sellers. Might as well go for 50% premium with that logic!