Beyond any benefit they may derive directly for themselves through a potential buy out, should one eventually occur, surprises me that no one has mentioned the fact that as directors and officers of the company they also owe certain duties and obligations which require them to act with a view to the best interests of the company which requires them to consider the interests of all stakeholders.

There are also protections requiring identical consideration and prohibitions against collateral agreements which have the effect of providing certain individuals with consideration of greater value than that offered to other security holders.