Warren Buffett and the Art of Stock Arbitrage by Mary Buffett

Warren Buffett and the Art of Stock Arbitrage by Mary Buffett

Author:Mary Buffett
Language: eng
Format: epub
Publisher: Scribner
Published: 2010-11-08T05:00:00+00:00


LARGE NUMBER OF SHAREHOLDERS

Target companies are almost always controlled by a large number of institutional and individual shareholders. Most shareholders have a very short-term perspective, so they could easily be enticed to sell out by the 20% premium over the current market price. Also, the board of directors has a fiduciary duty to do what is in the best economic interests of the shareholders, and in these situations it is very hard for them to say no, especially if the offer is substantially above the Target company’s average share price for the last thirty days.



Download



Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.