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Re: avocet post# 54115

Tuesday, 04/09/2013 12:52:06 AM

Tuesday, April 09, 2013 12:52:06 AM

Post# of 80868
There is no such thing as a bidding war or true takeover here at MP in my humble opinion. It is possible that they may end up selling in some sort of distress of Frost may gain control. They did not create their precious voting shares for no reason. I company could come in and buy 100% of the common stock and not own any rights to management because of those shares. That turns off many potential suitors because they have to pay a premium because management has a vested interest instead of investors who are just trying to make a profit. If a company offered $18 a share for this company would you vote yes or no? What would management do? I think they are two different answers and if not there is a number where there are two different answers.