retro,
I only offered it as a possibility...but yes there are other, more conventional ways of transfering ownership.
The more conventional approaches however, require stockholder approval. Approval might be hard to obtain if it appears that management is selling the company out from under the shareholders.
In most corporate takeovers, the acquiring company pays a premium to the current stock price, and thus the shareholders see an advantage to the transaction. In this instance Dutchess is getting their ownership at a discount to market. If it was presented as a buy out the shareholders might not be so sypathetic.
Don't take this suggestion too seriously, I was only presenting a light hearted response to your question. It might explain the present circumstances, but even I, think it is a bit of a stretch. lol
regards,
frog
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