Posted in Data Domain sued over NetApp takeover
Posted Thursday 18th June 2009 14:16 GMT
@Nate
Perhaps you are a little unclear on the concept of what a stockholder is, and how the Board is a body responsible for looking out for the best interests of them...not their own. There was speculation that EMC might bid up, and that could potentially mean that the DDUP refusal to negotiate for a better price and subsequent rejection did not earn the premium they could have for the OWNERS of the company: the stockholders. This means that the potentially nepotistic decisions could have cost stockholders $5 a share or more, would you be pissed off if those were your shares? Watch for the injunction.