Originally Posted by pugman
Would it really crash though? I didn't bother to find out the % of the stock he owns; in reality it might not only not tank, but he might get a premium on it? Just like a hostile takeover, companies pay a premium just to get a controlling or large share of the company.
This would only be a consideration IF he still had a controlling interest and he sold all of it to one party, or one all of it + whatever else was available gave the other party a controlling interest.
Plus in a hostile takeover companies don't necessarily pay a premium 'get get a controlling share', they often pay a premium because the target corporation takes steps to try to prevent the hostile takeover by making acquisition more expensive. If he were to just up and sell it there wouldn't be anything 'hostile' about it.