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The GEO Group, Inc. Message Board

  • jimrat11 jimrat11 Oct 10, 2003 12:49 PM Flag

    Rights plan

    Someone with more knowledge than me needs to post on this subject. I'm going to make some statements that I think are accurate, but please correct me if I am wrong.

    These things should be called "management protection acts" rather than "Shareholder rights".

    I've never been a party to (victim of?) one of these before. I've read about them, and they seem to turn out badly for shareholders.

    The effect is that management gets a huge hammer to shoo away anyone that goes sniffing around to make a hostile takeover.

    Hostile takeovers usually result in a premium for the shareholders, but also result in an unwanted career change for management.

    Anyone have any thoughts on this subject? I don't know if this will be put to a shareholder vote (sort of doubt it), but I'd like to have some say in it.

 
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