On Your Six
Well-known member
- Joined
- Mar 8, 2004
- Posts
- 4,507
Have you ever heard of a poison pill? Do you know who has one as part of their restructuring and who doesn't? If you can answer these questions intelligibly, let me know.
Schwanker
I can absolutely answer that question. Why would NWA managment invoke a poison pill if this propsed merger is NOT HOSTILE? Poison pills are used in hostile situations to dissuade unwanted investors. If Steeland and his board are receptive to a merger with Delta they will not need to invoke a poison pill. Delta would not try a hostile takeover given that it just rebuffed a hostile attempt from USAirways (they don't work well in service industries in which employee morale can impact revenue generation). Any merger would be based on mutual interest.
How's that? Now, can you tell me, in an intelligible fashion, how NWA would have the upper hand in this situation?