Equity prices dropping to takeover levels
September 17, 2008 at 17:33 PM EDT
[Skip to the end] A while back I wrote about how shareholders were at risk of management selling them up the river with dilutive converts and the like. But if a someone buys all the shares in a takeover they don’t have that risk. Therefore, I concluded, equities would get cheap enough for a massive round of takeovers. Now [...]