A stock is not meant to be sold to private equity for pennies on the dollar. Poor individuals are suppose to buy a businesses via stocks they can pass on to their grandchildren. In the last decade or so, there has been an assult by private equity on the public sectors. IMHO, they do this because it is much more tax advantageous being a private equity firm. You can load a company up with debt issue a dividend, then use the debt as income in another private equity firm to avoid corporate income tax.
Warren Buffet generally pays no dividend tax or capital gains tax. He can tap into the dividends that would be normally going to investors and take a train in China as a business deduction. Anyone associated with private equity should immediately be removed from the board. Stocks are not meant to unlock value, but to be value by issing dividends and stock growing dividends 10% a year meets that criteria. Please Sandell sell your shares and move on. Please BOBE end the buybacks for a while until the raiders are gone and bump the dividend to 7%. All you are doing is risking the firm by increasing their share percentage.