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board of directors is obligated to act in best interest of shareholders so if Disney offers X and Comcast counters with X+Y

Posted by: slipping jimmy (a.k.a mickpix) on Jun 12, 20:00 in response to Randy's post If Comcast already offered Fox $60B before and they...

the board has a fiduciary duty to accept the better offer

which then gets into questions of what exactly constitutes "better" in terms of the offers, i.e., all-cash versus financing a portion of the offer with corporate debt.Ā  and no matter which one the board ultimately chooses, potential for shareholder litigation by people who wanted the losing bidder to prevail.

lawyer wars!





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