Originally Posted by
NormalAbnormal
Sure they can. They just need stockholder approval for a large purchase just like any other corporation, per their corporate by-laws of course. In this case, there is only 1 stockholder. Just because they're wholly owned, doesn't prevent them from making a purchase.
Your missing the point...who are the shareholders of Endeavor? For any approval of Endeavor to purchase CZ, it would have to be approved by the shareholders and the Board of Directors at Delta...