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Strategies & Market Trends : Value Investing

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To: NikhilJog who wrote (47964)5/15/2012 12:29:39 PM
From: richardred  Read Replies (2) of 78434
 
Most likely,because the layer firms will come out to shareholders and say that the company did not exercise their fiduciary duties responsibly by engaging in talks before the deadline. There was a timetable involved and they did not engage in talks. As a shareholder myself. I have to ask myself why didn't they engage and just reject the offer after talks. This if they felt the bid didn't reflect the true value of the company LT. You also have to remember Coty put in a bid before that was rejected so AVP did have time to think a defensive strategy. Why 7 days? I made a thought known to some extent in a previous posts. They also could have been preparing a counter buyout price?
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