Quote:
Originally Posted by Pierre
Not really. the board, of which Malone is Chairman can reject any offer if they don't feel the deal is in the interests of the shareholders, such as if the price is too low or for other reasons.
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Enough shareholders sell to Vodafone or whomever else there is nothing the board can do about it.
The board is there to represent the company's owners. If the owners want to sell the board shouldn't oppose on their own grounds.
Obviously a hostile takeover isn't likely. Probably cost too much.