Whose interests are served when a Board rejects an offer as too low when the offer exceeds the current market value? http://www.reuters.com/article/2015/10/06/us-sabmiller-results-idUSKCN0S00O320151006
The largest shareholder likes the deal: http://www.bloomberg.com/news/articles/2015-10-07/ab-inbev-bids-104-billion-for-sabmiller-after-offers-rejected.
Follow up: http://money.cnn.com/2015/10/13/investing/ab-inbev-sabmiller-beer-merger/index.html.
The largest shareholder likes the deal: http://www.bloomberg.com/news/articles/2015-10-07/ab-inbev-bids-104-billion-for-sabmiller-after-offers-rejected.
Follow up: http://money.cnn.com/2015/10/13/investing/ab-inbev-sabmiller-beer-merger/index.html.
RAP
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