Teeqoz said:
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. |
Ah! Ok, thanks for explaining!
So that's why they are trying to woo even the canadian government. I guess the reason roughly 30% would be enough for Vivendi to take over Ubi is that they would be the single biggest shareholder then and able to strongarm their decisions through?
That is unless the rest of the shareholders close rank.