[rp]

I guess you have never heard of a reverse merger:

http://en.wikipedia.org/wiki/Reverse_takeover

http://reversemergerblog.com/

[cstejerean]

what part of the reverse takeover is hostile? The reverse takeover allows a private company to go public without an IPO by merging with a smaller public company.

[rp]

Its not that its inherently hostile but it demonstrates one of the possible scenarios where private control can slip away with a majority of directors votes.

[cstejerean]

That's good to know. Thanks.