Fixed-price delisting resists manipulators
Delisting serves up prospects of both manager and investor opportunism. The mechanism to delist is designed to reduce excesses on either side. The price of the stock serves as the gatekeeper, and manipulation - by managers taking companies private in a downturn and by investors raising the buyback hurdle - is commonplace.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
