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Taken to the extreme, a hostile takeover looks like the crypto defi hacks - depress the share price, buy it with borrowed assets, then liquidate. To me that sou
by sdwr 3y ago
Taken to the extreme, a hostile takeover looks like the crypto defi hacks - depress the share price, buy it with borrowed assets, then liquidate. To me that sounds like stealing.
I'm having trouble imagining the reverse, where there's a perfectly legitimate offer that the board wants to block.
- nocoiner 3y agoAre you saying you can’t imagine the scenario where you’re a director of a corporation that has a share price of $50, and someone offers to buy every share of the company for $60, but the director says no to the offer and won’t let a deal at $60/share go forward?
- pstuart 3y agoIt's not stealing if no laws were broken! (/s)
- LordShredda 3y ago[flagged]
- jncfhnb 3y agoHow about pre tech stock price drop Twitter/Musk
- smackeyacky 3y agoThe 1980s featured a lot of takeovers where the intent was to break up the company. The board and shareholders are perfectly within their right to try to block that.
- JohnFen 3y ago> To me that sounds like stealing. Me too. I'll even take it further and say that it is stealing.