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Posted On: 07/22/2022 9:45:02 AM
Post# of 148878
Re: Evil Rabbit #126754
Here's an interesting statement regarding takeover in the same section: "The issuance of authorized but unissued stock could be used to deter a potential takeover of the Company that may otherwise be beneficial to stockholders by diluting the shares held by a potential suitor or issuing shares to a stockholder that will vote in accordance with the Board’s desires. A takeover may be beneficial to independent stockholders because, among other factors, a potential suitor may offer such stockholders a premium for their shares of stock compared to the then-existing market price. The Company does not have any plans or proposals to adopt additional provisions or enter into agreements that may have material anti-takeover consequences."
I've never seen wording of this nature regarding shareholders being solicited. Does that seem odd to anybody?
I've never seen wording of this nature regarding shareholders being solicited. Does that seem odd to anybody?
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