Originally Posted by
2loud
Delta wanted to sell y'all as scrap metal but DOJ wouldn't approve so Eskimo outbid blewho.
Robust and thriving businesses just don't wake up one morning and sell just because a potential buyer makes an offer. It's usually because of their inability to compete in the market and/or just weak. I'm just sayin'.
A publicly traded company with a CEO and BOD has a fiduciary duty to their shareholders. If a buyout offer is presented at a significant premium to the current share price, it has to be considered.