NeoInvestor
I was hoping others would answer you, but they didn't so I will give it a shot. The pill is designed to prevent a hostile takeover of the company. It allows investors to get cheaper stock and the officers to really get some cheap stock. It would make it as it stands almost impossible for a company to aquire Interdigital. The officers are extremely insulated and the shareholders insulated as no company is going to pay what the pill would require. It is just a way for executives to keep on keeping on, and a hand in the cookie jar. It really doesn't help the shareholders, it is strictly designed to make sure the executives don't get kicked off the gravy train and the same thing applied to the staggering of the board. It was never ever designed to benefit us.
JMO
Mickey
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