I certainly don't know any of the facts other than what has been announced. From where I sit, it seems to me that the common directors seem to be working for the benefit of MNC not Hampton by trying to shift value from Hampton to MNC. Ultimately not an issue for MNC shareholders but TKG shareholders will be left with a stake in a lower valued Hampton. If this is the case then I guess RH (with all his faults) would be pretty peeved. As long as he has instigated the action to protect his INVESTMENT in TKG as opposed to protecting his ongoing INCOME from TKG then he will be working for the other TKG shareholders as well. If Hampton is on the verge of making it big then the other large TKG shareholders will have to support him also. What other alternative do they have?
Maybe RH should have accepted the MNC offer, that way who has control of what would all be academic. Still can't help feeling exposed.
TKG Price at posting:
3.5¢ Sentiment: None Disclosure: Held
