Re: A Company Take Over
in response to
by
posted on
Aug 29, 2009 12:08AM
Check the SEC reports, it show how many shares are owned by Polis, the other BOD, and the management.
They do not have control of the company, except to manage it. The shareholders have total control as to the election of the BOD and any vote on a tender offer.
Without being exact, the outside shareholders control approximately 80% of the outstanding shares.