Tjis action would seem to be the opposite of a poison pill. John Sessoms wrote: >> From: >> "P. J. Alling" >> Maybe Pentax is planning a private offer to Sparx at a the same or >> higher price than Hoya. (Blackmail is such a dirty word). >> > In corporate speak, it's called a poison pill ... taking on a load of > debt or some such other action that makes the corporation less > attractive as a buyout target. It's not intended to help the > stock-holders, it's intended to help the current management hang onto > their jobs. > > >> John Forbes wrote: >> If they buy back more of their stock, Sparxx will be left with a >> larger percentage of the total that remains. >> >> I doubt if that is what Pentax wants. >> >> John >> >> On Thu, 10 May 2007 11:15:17 +0100, Paul Stenquist >> <[EMAIL PROTECTED]> wrote: >> >> Buying back your stock is seen as a healthy move by most long term >> investors. And it generally results in an increase in share value. >> Paul >> > Stock buy-backs are often a tool of management to increase their own > remuneration. While it can increase the value of the remaining stock, > more importantly, it increases the value of management stock options. > >
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