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> Without the dual-class, Starrett probably would have been bought out in a hostile takeover/leveraged buyout Recently, in Switzerland, there was a company (Si
by microtherion 7y ago
> Without the dual-class, Starrett probably would have been bought out in a hostile takeover/leveraged buyout
Recently, in Switzerland, there was a company (Sika AG), where the founding family held 54% of the vote with 16% of the shares. When they wanted to cash out, they simply sold their shares to an outside investor at a sizable premium, and the remaining shares could potentially have ended up worthless (ultimately, after a multi year lawsuit, a compromise prevailed).
- ISL 7y agoInteresting -- thank you.