Originally Posted by
Razorback one
That is just the market cap. To buy the company, the buyer must add in debt. $20 billion or so in DAL's case.
Actually they don't. All anyone needs to do is purchase or otherwise control 51% of the voting shares and the company is theirs. The good news is that I believe our management would implement some employee based poison pill plans that would make it very difficult for anyone to get 51%.
Carl