Re: Yet Another Arnold Article

Angra Mainyu wrote:
> However he noted that if the
> company received an offer for either of those businesses, he and the
> board would be obliged to consider them in line with their usual
> fiduciary duties and responsibilities.
>
> If there was any doubt before, this should put the tools business
> into play.

Why? He has only stated what is true - a BOD *cannot* ignore any such offer
if at all reasonable. It would also be true if someone offered to purchase
the ALM tools. If such an offer seemed to be in the best interests of the
shareholders and the BOD refused to consider it, they could be sued. Thus
his statement is not in any way putting up a "For Sale" sign outside of this
general context.

--
Wayne Niddery - Logic Fundamentals, Inc. (www.logicfundamentals.com)
RADBooks: http://www.logicfundamentals.com/RADBooks.html
"The only reason some people get lost in thought is because it's
unfamiliar territory." - Paul Fix


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