4 ms·
It's not for the board to decide if they accept the offer. It's the shareholder's decision.
by Tepix 5y ago
It'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.