Poison pills are not insane. It’s just the board response to assuring shareholders attain a tender offer that reflects not simply the company performance, but the value of having control over the company — which is referred to as the “control premium.”
So, no. It’s not “free money.” If you’re seeking to acquire a corporation, the board of directors has a duty to ensure you pay the appropriate price for not simply the stock but also the control premium. It’s completely in line with their fiduciary duty, and well recognized in corporate law.
The truth is so obvious that most people can't process it.
board members, that represent shareholders as a FIDUCIARY, turning down billions... for?
FOR?
WHY?
People just need to stop using Twitter.
Is it a coincidence that Musk is a WEF young global leader?
his mom is into some weird satanist shit.
Poison pills are not insane. It’s just the board response to assuring shareholders attain a tender offer that reflects not simply the company performance, but the value of having control over the company — which is referred to as the “control premium.”
So, no. It’s not “free money.” If you’re seeking to acquire a corporation, the board of directors has a duty to ensure you pay the appropriate price for not simply the stock but also the control premium. It’s completely in line with their fiduciary duty, and well recognized in corporate law.
GO HOME, EGON; YOURE CRUNK