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> It does if they willingly sell their shares to Apple Why would they do that? That's literally just giving away money. I still think you're failing to under
by ajross 3y ago
> It does if they willingly sell their shares to Apple
Why would they do that? That's literally just giving away money. I still think you're failing to understand the principle at work here. You can "control" a public company with a 50.1% share, that doesn't allow you to steal from the remaining shareholders. That's what shareholder lawsuits are about: the shareholders collectively feel that the company is not acting in the interests of its owners and sue.
Now, sure, often this is abused. Often the suits are baseless and mostly just attempts by law firms to squeeze some dollars out of the process. But the actions described in this subthread are exactly why they are allowed in the first place. You can't do that.