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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (71408)11/10/1999 11:23:00 AM
From: Ben Sanford   of 90042
 
I had a neighbor employed by a public traded company, and he had a fair amount of the stock, although most of the stock was owned by the principles of the company. Management decided to go private, essentially set a price and bought his shares at that price. I think perhaps it was just so they could do what they wanted to do with the company without having to bother with stockholders objecting.
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