![]() ![]() ![]() This point is not relevant to the UK concept of takeovers, which always involve the acquisition of a public company. If the shareholders agree to sell the company, then the board is usually of the same mind or sufficiently under the orders of the equity shareholders to cooperate with the bidder. In a private company, because the shareholders and the board are usually the same people or closely connected with one another, private acquisitions are usually friendly. ![]() In an ideal world, if the board feels that accepting the offer serves shareholders better than rejecting it, it recommends the offer be accepted by the shareholders. Before a bidder makes an offer for another company, it usually first informs the company's board of directors.
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