SuperNova said:
Well, I did say I wasn't sure how this works, so no need to be condescending right? (I apologize if sounding condesending was not your intent, but that's how it came off to me.) I was looking for actual information there though, so how about you explain to me me why exactly it will be difficult to do instead? Because if my company was facing a hostile takeover I'd be moving heaven and hell to prevent it. |
Ahh sorry.
I'll try to go a little bit more indepth (though I by now means have extensive knowledge of this).
I don't think Ubisoft can actually mount a takeover defence by buying their own shares. The reason this works in the movies is because it's not the company itself owning that 51%, but the private person (or at least a 3rd party shareholder). What Ubisoft are trying to do now is to get enough shareholders (>50%) to "agree" on not selling their stake and not agreeing to a potential takeover bid.
