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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: getgo234 who wrote (5393)4/17/1998 11:32:00 AM
From: Lerxst  Read Replies (1) | Respond to of 6980
 
getgo234,

House and the BOD have a fiducial responsibility to review any potential buyout, regardless of their personal feelings. They do have the capacity to reject an offer if they felt it wasn't in the best interest of the company and it's shareholders. If the suitor really wants the company, they'll either bid a higher price or go directly to the shareholders for a proxy vote and buy the company in a "hostile" manner.

Lerxst