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The only way they can reject this offer is if they have proof that a bigger offer is incoming. If they reject and the stock goes down to $20, there will be law
by gitfan86 5y ago
The only way they can reject this offer is if they have proof that a bigger offer is incoming.
If they reject and the stock goes down to $20, there will be lawsuits.
- colinmhayes 5y agoLawsuits from who? The shareholders are the ones who are voting here.
- zwily 5y agoLawsuits by the shareholders suing the board for not accepting the offer. Happens all the time.
- Tepix 5y agoIt's not for the board to decide if they accept the offer. It's the shareholder's decision.
- zwily 5y agoUltimately that's the case. But the board may decide to reject the offer without doing a shareholder vote. (That's probably what they will do). That's when the shareholders sue.
- trashburger 5y agoNot if it's a cash offer.