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No. The terms seem designed to have the fallback option be for Apple to purchase the company outright, or possibly to purchase at least a controlling interest.
by jsmith45 4y ago
No. The terms seem designed to have the fallback option be for Apple to
purchase the company outright, or possibly to purchase at least a controlling interest.
They have rules requiring the current Executive Chairman to retain majority control for 5 years. They have a right of first offer with him if he wants to sell stock.
With the company they have the right to submit a counteroffer to any sale of assets required to provide the services, or proposed sales of the company itself.
All of this makes me feel that they want to have this company as an independent supplier, but have buying it up as their backup plan.