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by AlchemistCamp
841 days ago
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I don't think you do get it. The company has lost $75B in market cap since this activist ruling and will likely lose much more going forward, especially if the ruling is not overturned on appeal. Not only that, but I think it's a real loss for the US in general and Deleware in particular as a good environment for business that respects property rights. Some guy with nine shares of stock overrode the wishes of over 3/4 of the shareholders and his lawyers may extract billions from the company which the market clearly sees as having been harmed by their actions. |
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