Imaginedvl said:
Very simple :) Their duty is to make more money to the shareholders. Simple as that, that's the prime reason of existence of the board; drive the stock up, not down. Breaking up is going to make shareholders LOSE a lot of money :D And by a lot, I mean a lot, I'm telling you that the whole board and Bobby would be in BIG trouble if they would do that. |
Actually from the research I did, its not that ABK could be sued that is the problem, its more along what Randy stated in that ABK would need to have a vote on staying or leaving the merger. Since all of ABK stock has voting rights, its not like the company can quit the deal without going though that whole process.
