DVCDAVE
Senior Member
- Joined
- Aug 21, 2000
Who said anything about hostile ? Second a 25% premium is 46 Billion X 1.25 = 57.5 billion, not 67 billion. Further, companies are taken over all the time nowhere near the 52 week high, and Disney, being cash strapped is in no postion to dictate anything, let alone their price. If they were so cash rich, they wouldn't have sufferred a downgrade in credit rating, AND they would have been buying up their own stock when is was down below $20. Right now they are in a bad industry with an empty checkbook and very vunerable.