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Does the US have protections that prohibit companies from doing that? Or is it just that there's more faith in our legal system if a company does what isn't in
by blahblahblogger 6y ago
Does the US have protections that prohibit companies from doing that? Or is it just that there's more faith in our legal system if a company does what isn't in the shareholders' best interest?
- rokobobo 6y agoI believe that the managers of the company that sells/spins off a subsidiary have a fiduciary duty to get the best price for shareholders in such a transaction. This is even more so the case when a major stakeholder gets to benefit from such a transaction.