Re: Rusoro's failure. (jimmijazz)
in response to
by
posted on
Feb 11, 2009 11:41AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Are you 100% sure?
Yes.
Well crafted sentence, LOL, I hope so when intended to be accurate after years of writing federal court briefs.
Your conclusion, however is incorrect. A poison pill like ours will defeat a hostile offer unless the offer is made sufficient to convince the board to accept. What regulator has the authority to "set aside" corporate provisions on takeovers (judges have that power, but we digress)?
Find one example where a poison pill provision in the United States or Canada that complies with the standard set forth in Moran v. Household Int'l, Inc., 500 A.2d 1346 (Del. 1985) and its progeny is struck down by a court. (Hint: you won't -- your personal opinion notwithstanding).
Again, sorry but this discussion is all nonsense, so take it OT if you want to continue.