Sentences with phrase «bid undervalued the company»

Rockwell Automation on Wednesday rejected rival Emerson Electric's sweetened $ 29 billion takeover offer, saying the bid undervalued the company.

Not exact matches

Mobile chipmaker Qualcomm on Monday rejected rival Broadcom's $ 103 billion takeover bid, saying the offer «dramatically» undervalued the U.S. company.

By the end of the day, Perrigo had basically reached the same conclusion: Just after U.S. markets closed at 4 p.m. on Tuesday, Perrigo announced that its board of directors unanimously rejected Mylan's bid, saying it «substantially undervalues» the company and is not in its shareholders» best interests.

It's possible that if the company gets too undervalued, a buyer might make a bid for the company and attempt to take it over, sometimes at a price lower than your original purchase price per share.

Investors, taking their cue that the company may be undervalued, typically bid up its shares in the three months leading up to the formation of a hybrid board.

Everybody would be buying the same undervalued companies that I'm buying, thereby bidding up prices to the levels they should have been at in the first place.

Hostile takeover A company's directors may feel that a takeover bid undervalues the shares, and so do not recommend the offer to shareholders.

Last spring, Macerich walked away from a $ 16.8 billion buyout bid from Simon, saying that the offer undervalued the company and its growth prospects.

Since in a bankruptcy proceeding unsecured creditors generally get paid before common shareholders, creditors who are afraid they might lose their investment can sometimes force a bankrupt company to accept a bid that undervalues its stock, notes Todd Sullivan, a Massachusetts - based investor and author of the Value Plays blog.