I was just thinking on one point where a lot of posters ask if brainchip technology is so good, then there is no take over offer for brainchip.
So if someone can help me on this if a company approaches brainchip board with a take over offer what will be the course of action from there on.
1. Management will agree to offer and present the same to share holders.
2. If the management does not want to sell the company then they can refuse the offer without taking any action.
So my question here is in scenario 2 is there a way where management must have to agree with the offer or share the offer with share holders even if they donot agree.
Revenue, page-31
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