How is a 70% premium undervaluing the product? I’m sure somewhere in a mutual fund I own some Yahoo, and I would love to get a 70% return on my investment. This sounds fishy.
weak, definately not, because if you look at the pricing. they were offering that much more….i think a few dollars more @share is not truly an issue. $33 vs $37. truly i don’t think that $4 would have hurt the pocket book. but, if i read the article, it’s the owner that does not want to sell to them. as a owner, it’s his business, and does not have to justify why he decided not to go for it.
He’s just the founder. It’s a publicly traded company so is owned by the shareholders. The board has a duty to maximize value to the shareholders and by not selling when the shareholders could have reaped a massive premium on their profits the board very well may have breached that duty. Whether the founder wants to sell to Microsoft, to somebody else, or stay independant is of no concern. Once he went public he lost the right to make those decisions on his own.
How is a 70% premium undervaluing the product? I’m sure somewhere in a mutual fund I own some Yahoo, and I would love to get a 70% return on my investment. This sounds fishy.
weak, definately not, because if you look at the pricing. they were offering that much more….i think a few dollars more @share is not truly an issue. $33 vs $37. truly i don’t think that $4 would have hurt the pocket book. but, if i read the article, it’s the owner that does not want to sell to them. as a owner, it’s his business, and does not have to justify why he decided not to go for it.
He’s just the founder. It’s a publicly traded company so is owned by the shareholders. The board has a duty to maximize value to the shareholders and by not selling when the shareholders could have reaped a massive premium on their profits the board very well may have breached that duty. Whether the founder wants to sell to Microsoft, to somebody else, or stay independant is of no concern. Once he went public he lost the right to make those decisions on his own.