how long does the SEC accept this kind of stock manipulation ? To the company the following questions aren open:
- how is the bidding-price ($ 68,50) calculated and why is that (by coincedence) below the market value before the recent decline on the Chinese market ?;
- how is the the indepentant relationship between the CEO and the reviewing comittee guaranteed ?;
- the fact that now time-interval is mentioned to reach a conclusion (by the committee) seems to the advantage of the bidding CEO ; interests of other shareholder are neglected this way (the stock has been taken hostage more or less this way);
- what has been done to guarantee normal stocktrading in the meantime ? (the price reaction thusfar does not seem normal comparing other take-over actions (not Chinese) in the market
Seems to me the SEC should act more prominent on behalf of other investors.
To the company: be more transparant in your communication and do not give the impression of depandancy or prejudice.