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道德里STANDARDⅢ (A)的例题里有个细节不明白,请教各位大侠
Example 1. First Country Bank serves as trustee for the Miller Company’s pension plan. Miller is the target of a hostile takeover attempt by Newton, Inc. In
attempting to ward off Newton, Miller’s managers persuade Julian Wiley, an investment manager at First Country Bank, to purchase Miller common stock in
the open market for the employee pension plan. Miller’s officials indicate that such action would be favorably received and would probably result in other
accounts being placed with the bank. Although Wiley believes the stock to be overvalued and would not ordinarily buy it, he purchases the stock to support
Miller’s managers, to maintain the company’s good favor, and to realize additional new business. The heavy stock purchases cause Miller’s market price to
rise to such a level that Newton retracts its takeover bid.
to purchase Miller common stock in the open market for the employee pension plan到底是为了养老金计划去购买MILLER的普通股,还是用养老基金来买MILLER的普通股啊,谢谢 |
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