SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Can SI Members Really Manipulate Stocks?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Probity98 who wrote (139)7/31/1998 11:47:00 PM
From: EL KABONG!!!  Read Replies (1) of 461
 
Probity98,

Let's just say it was initially agreed to in principle. Because the stock price increases, wouldn't that mean that the acquisition price has increased also? This would mean that the purchaser has paid more than the original "agreement".

Take a course in basic contract law at your local community college. Either an agreement was signed or it wasn't signed. If it was signed, then the company issuing the stock cannot renegotiate the deal. If an agreement wasn't signed, then they were still in negotiations. No deal, and the company issuing the stock can reopen negotiations. Verbal agreements mean squat at these dollar amounts. It's the signed contract that counts.

As an example, take a look at the BT and MCI deal that went south after they had reached an agreement in principle.

KJC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News