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Re: F6 post# 21122

Saturday, 04/26/2003 11:21:19 PM

Saturday, April 26, 2003 11:21:19 PM

Post# of 435773
in edit---F6-In a hostile t'over, a buyer bypasses management and solicits shareholders directly...that can involve by letter if a mailing-list of shareholders can be procured; or by media-ads to make known the offer. As soon as a buyer can obtain some majority percentage of the voting shares, litigation will push aside any management objections.
Note that control can be had by 50+% of votes. Ownership would need about 85% of votes. redhot


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