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Black-Ops

08/10/20 12:55 AM

#103801 RE: mjbaker84 #103759

not quick enough. The cash will flow but not in 30 days the typical waiting period for the delay between Wall Street Journal publication and the offer date.

Then the only weapon will be the buyers attitudes reflected in share prices.

Union Carbide in I believe December 1985 and the tender in Jan 1986. Then the next step around March, but I am a bit rusty on the exact times. Lets just ay Union Carbide made defensive moves from an investors dream and an investor could have made millions twice and then ended up with nearly a long term gain , then 6 months in the summer. All defensive moves against the Leveraged Buy Out crew attacking and making all involved millions. Wall Street Journal records will confirm this deal.
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ohm20

08/10/20 6:42 AM

#103829 RE: mjbaker84 #103759

They could block a buyout in one day. They can put 100 million shares in trusted hands with delayed payment and a forced company buyback at sales price. Even if the company making the offer had piled up shares those shares would be non-voting for 3 years in regard to any buyout. With less shares voting the 100 million shares would have outsize importance.