Thursday, May 12, 2011

Proposal: Proper Takeovers

Timed out 6-2.—Yoda

Apparently, yuri already updated the ruleset about 30 minutes ago for this even though he’s idle.

Adminned at 15 May 2011 12:51:28 UTC

In “Merger Acceptance”, add the following before both points starting with “Reduce the number of Shares of the Target Corporation held by all Investors to zero”, renumbering where appropriate:

Add the Target’s Business Plan to the Offeror’s Business plan.

Also, add to the end of “Business Plans”:

The market may rewrite any Business Plan to a mathematically equivalent one at any time if they deem the new plan shorter or easier to read.

Comments

Subrincinator:

05-12-2011 10:24:22 UTC

imperial

spikebrennan:

05-12-2011 13:57:06 UTC

for

Yoda:

05-12-2011 15:00:51 UTC

against I really don’t see the usefulness of this…

spikebrennan:

05-12-2011 20:42:21 UTC

It helps the surviving corporation grow, rather than just destroying a corporation and paying a distribution to its shareholders.

Yoda:

05-12-2011 21:39:16 UTC

But I thought that was kinda the whole point of the merger.

Anyways, the offering corporation can just make a new business plan with a shareholder meeting.  Also, it’s ambiguous whether the Market would have to sign off on this new combined plan.

Crumb:

05-12-2011 22:04:57 UTC

for

It would give an interesting incentive for a merger. The surviving corporation could possibly end up with a higher expected value in their business plan then they would be able to achieve by changing their plan.

Galtori:

05-13-2011 19:18:24 UTC

imperial

Darknight:

05-14-2011 01:41:33 UTC

imperial

Oze:

05-14-2011 19:52:59 UTC

against