Malone acted brillantly by bringing in UCOMA without having to pay a penny in control premium. Of course the old UCOMA people got screwed, but they have no one but themselves to blame. Play with overleveraged assets and you will get burned.
You mix shit with good drinking water and it 's not good drinking water. What he did was pollute the water. Hey Dumb shit Sammy! malone doesn't own any more of UCOMA then he did before the merger. HE already owned over 50%. All he did was move the assets under one umbrella. By paying a low price he also paid himself alow price for his UCOMA shares. It was a stupid move based on more control. Not a smart buy bacause he already owned the shares. I could argue that infact by merging he has lost much more money than if he had simply kept his shares in UCOMA seperate.