Ubisoft CEO Warns of Dangers of a Hostile Takeover by Vivendi

[Teeqoz]

Ka-pi96 said:

thismeintiel said:
I think hostile takeovers should be illegal. Like a company can only own a set percentage of stock in another company, which includes individuals working in the buying company. It's ridiculous that a company can force another to be sold to it.

heh, you think making an offer to the shareholders who each get to choose whether to accept or reject it should be illegal? Nobody is forcing anybody to sell anything. If Ubisoft management don't own enough of the shares to guarantee that they retain ownership of the company then the only people they can blame is themselves for selling so many shares to the public in the first place.

Well, if they get majority board approval they can force the rest to sell their shares (though at a premium price". So you can be forced to sell your shares against your will.