Quote:
Originally Posted by GatorB
They offered money, yahoo says no. I've never gotten this idea that I can start a company and some other guy can just come in and take it over. WTF? That should be illegal. That basically thievery. That would be like me offering you $10 for your car, you tell me no, and I can still take it if I want to.
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you realize the insiders only own like 10% of the company
the key is that they sold 90% to other people
microsoft "hostile" takeover is basically saying let the 90% decide if they want to take the microsoft deal.
instead of going all for one, microsoft will be approaching all those institutional investors to buy up the stock at the higher price.
if more than 54% of those institutional investors like the $35 deal then microsoft will have a majority in favor even though the yahoo insider (10%) said no.