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Emmis Communications Corp. Message Board

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  • pjv2xyw9dww4b5 pjv2xyw9dww4b5 Nov 16, 2011 8:53 AM Flag

    3% Holder Supports BUYOUT!


    Maybe he objects to the possibility of being **compelled** to sell--even at a price significantly greater than the prevailing market price.

    Any management buyout of a company that forces some public shareholders to sell at prices lower than those at which they would freely have chosen to sell is, in my opinion, an erosion of property rights.

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    • Well, it may be "an erosion of property" rights, but would you allow one guy holding 100 shares to PREVENT a going private transaction (or any transaction), if he didn't want to sell?

      What's your standard? And what's your principle?

      As it stands now, speaking generally, if 50% of shareholders support any deal, it goes through, pretty much. And those that object can pursue their appraisal rights in court. Seems fair to me. As long as there is also a Special Committee process to ensure an arms-length evaluation of a transaction. And assuming that Special Cmte. is acting in a bonafide fashion, of course.

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