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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 88.87+1.5%Nov 28 12:59 PM EST
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To: Anonymous895 who wrote (2725)8/16/2023 4:39:58 PM
From: Elroy   of 2976
 
I wonder if this will play in any way?

What is Section 238 of the Cayman companies Act?

Section 238 of the Cayman Islands Companies Act gives shareholders a statutory right to dissent from the merger of a Cayman Islands incorporated company, and to be paid a judicially determined fair value for their shares instead of the merger consideration being offered by the merging company.

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While that is not really relevant here as there is nothing being offered for SIMO shares, and therefore no need for a judge to determine their fair value, but it DOES point in the direction of Cayman judges deciding things about the value of Cayman shares.

I like the idea that Cayman law encourages judges to give Cayman shareholders fair value.....for anything!
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