>Control is everything, and there are many ways for Kellett to transfer wealth from stockholders pocket, to their own. The “premium” could be paid to them, and them alone, for voting to sell.
I don't recall seeing it, but is there a shareholders' rights "poison pill" provision enacted by BAJ to protect shareholders in the event of a takeover at cheapie price?
A standard poison pill arrangement means that shareholders are allowed to buy a large number of heavily discounted shares in the event of a takeover bid.
Moreover, Kellett or whoever might try to buy out BAJ would NOT BE ELIGIBLE to buy any of the extra discounted shares b/c of the "poison pill" arrangement.
The way that the poison pill works is to dramatically increase the number of outstanding shares and thereby make the market cap and consequent buyout price much higher for the group trying to enact the takeover.
News 
Market Data 
Discover 
AI
