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> Red Hat shareholders just sold out. The Red Hat board were offered a massive premium on an already generously-priced stock. If they hadn't sold there probabl
by jacques_chester 8y ago
> Red Hat shareholders just sold out.
The Red Hat board were offered a massive premium on an already generously-priced stock. If they hadn't sold there probably would've been lawsuits left and right.
- cmurf 8y agoThe deal is subject to shareholder approval. I think based on that approval, you'll be able to estimate how right or wrong you are about lawsuits had the board rejected the offer. RHT is $20 billion in market cap as of Friday, and the offer is $34 billion.