The Google deal will pay each shareholder $US40 a share, a 63% increase over the stock’s closing price last week, According to Keating’s complaint, this sum undervalues the worth of the Illinois company. He is seeking class-action status and wants to block the sale.
I don’t know about you, but if I got a 63% return on my investment, I would take the money and run. [Business Week]
Matt
Thursday, August 18, 2011 at 3:36 PMSince he’s a shareholder he will be or would have already voted on the buyout scheme, declaring if he is for or against the buyout. I have a feeling that this man’s opinions will be those of the minority of shareholders, so threatening to sue is a pointless exercise.
tim
Thursday, August 18, 2011 at 3:50 PMpointless… not worth reporting…
why am i commenting on this anyway…
Francis
Thursday, August 18, 2011 at 4:35 PM^ what they said!
Steve
Thursday, August 18, 2011 at 11:45 PMNewsflash: People are greedy and if you give them a finger, they’ll take an arm.
Terry
Friday, August 19, 2011 at 12:36 PMGreed.
The sooner we can genetically engineer that trait out of our own species the better.