I'm new to this TO game, to those with more experience with this stuff: is it possible for a BOD to recommend a Sell but personally hope that shareholders don't sell, AND vote differently with their own shares? Is that a legal possibility? Does their fiduciary duty outweigh their agency over their own shares/votes?
The reason I ask is because I have an inkling that the BOD's fiduciary duties are compelling them to put forth this offer and even recommend it, because it would go against their duties otherwise. That the $3 offer price just barely meets the minimum requirement for them to recommend to shareholders. However, it may be that TG and perhaps a few other Board members don't want us to sell, but cannot legally state that publicly.
I eagerly await TG and the rest of the BOD's statements to properly explain their position here.
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- Ann: Revised Proposal from Albemarle
Ann: Revised Proposal from Albemarle, page-648
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38 | 406971 | 0.625 |
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