What I am saying is that what it reads does not mean necessarily what all have taken it for, that being a takeover.
kwaidan1 - I will ignore the rude tone of your message and point out the follwing:
It is to protect a participant in the joint venture against the risk that its partners might change, against its wish, by the acquisition of their shares by a third party, or by a third party acquiring control over the joint venturer by acquiring the shares in its holding company. The continuing participant is not obliged to accept its new partner. It is given the option of acquiring the defaulting participant’s interest in the joint venture.
Time will tell, and shortly.
UMC Price at posting:
91.0¢ Sentiment: None Disclosure: Not Held
