Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: John M Connolly who wrote (2921)	11/20/1998 10:46:00 PM
From: MGV	Read Replies (1) \| Respond to of 4613

could they be required to distribute the INF shares held by CBS - to the CBS shareholders No - for two reasons: First, the "business judgement rule" provides management with broad discretion to act as they see fit to grow the company. Second, if your hypothetical were to take place it would create an arbitrage opportunity that would be self-correcting. In other words, the CBS share price would be bid up to reflect something close to its net asset value less transaction costs or Mel would do it first or a 3rd party acquiror would do it. The IPO is good. Just relax and hold on.