标题: post offer defense: green mail [打印本页] 作者: SkipE99 时间: 2011-7-13 13:11 标题: post offer defense: green mail
what is it? Thanks.作者: tikfed 时间: 2011-7-13 13:11
You are the CEO, and a company wants to buy your firm out, a hostile takeover attempt is present. Then you use the cash of the firm to pay buy back the shares purchased by the company which wants to buy you (with a premimum of course) and you get rid of the takeover attempt.
What I don't get is how that could be legal under any system...作者: chandsingh 时间: 2011-7-13 13:11
while is still legal it has not been used since the 80's because the gain on the transaction is taxed at 50% percent.作者: giants2010 时间: 2011-7-13 13:11
haha some of the takeover defenses are hilarious IMO, like this one.
