Do you think Mr. McNally is selling robotics companies out of the back of a van? I don't, and therefore I don'[t think it is his call on what we sell for.
To sell a publicly traded company, the boards of directors for both companies must first agree to proceed to a shareholder vote. Shareholders then get to vote on it for approval.
Mr. McNally wants to present the best deal he can to Titan shareholders, because the better we do, the better he does, and it also is a required part of his fiduciary duty to try to optimize a deal for US.
You are saying that MDT will be able to back him, the BOD (including Mr. Vance who is well tied in with MDT), and shareholders all into this hypothetical corner. And if we feel we are being bullied or for some reason don't like the deal, we vote no. And if somehow they get the votes (vote counting in this country has been suspect as of late) anyway, they will have just earned themselves the reputation of being bullies and cheapskates, which would impact their highly touted acquisition-based growth strategy, effectively shooting themselves in the foot if they try to screw us over.
Others have indicated that acquisition process are based on at least three independent valuations. This would further jeopardize your theory.
I am not personally familiar with MDT's toilet paper budget, but I would hope they get a volume discount on that.
Message in reply to:
I hope you're right I just don't see it. MDT will back Mac into a corner. Mac wants that billion $ sale on his resume. Wont get it. More competition (Memic, RBOT, ISRG will get better, JnJ very quiet) better ideas show up everyday. How old are the major patents? Every day they become less valuable. 1/3 are now owned by MDT. $40 miilion? MDT spends that on toilet paper every quarter.
