Ann: Target's Statement, page-7

It's clear what has happened to TMZ. The reality is that the current HLX board owns virtually nothing, yet they carry themselves with an air of entitlement. If one of the arguments against the bidder is the destruction of shareholder value, then the board must take responsibility for their own track record. While the bidder is primarily focused on maximizing their own shareholder value, it's possible that their involvement could benefit other shareholders as well. The problem, however, is the lack of a clear plan.