Re: Yet Another Arnold Article

Wayne Niddery [TeamB] wrote:
> 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.

Oh, I don't know - if my wife mentioned that she had a house, a car, and a
husband, and would be obliged to consider any offers for the car or the
husband, I think I'd be able to tell which way the wind was blowing...
;^D
--
Jack Johnson
Cyberworlds Inc.
http://www.cyberworlds.com/
http://www.swidgets.com/
608-362-0318 x114


.

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