Nov. 25 at 10:16 PM
$PSKY $NFLX $WBD $CMCSA for those who think there where actual bids submitted last Thursday: “No, a publicly traded company generally cannot withhold the price it's willing to pay for a competitor's assets or stock from its shareholders. However, the exact information shared is a complex issue of corporate governance and antitrust law. For a merger or acquisition, the company must disclose the price in a timely manner through official filings and or public statements, to ensure shareholders and the market are not misled. “
By asking to “sweeten “ its offers, WBD is insinuating that 3 publicly traded companies have issued bids so far not disclosed to shareholders!
