| Topic Name: |
Sale? |
| Message Name: |
Issues with going private... |
| Date Posted: |
01/29/2006 |
| In Reply To: |
Its not a sale that we are gearing for...according to "people in the know" BearingPoint will go Private. MDs will revert to Partners. Significant portion of the company will be owned by private equity firm. Within 45 days. |
| Message: |
So you're saying that after IPOing at $18 a share, then not filing financials for 1.5 years... that insiders are now going to take control ? If this happens before financials are up to date, that would be a blatant case of manipulation. What if Harry were purposely not filing to get a better price for himself and the MDs ? This is exactly the reason the SEC was created, to protect the investor from such abuses. I somehow doubt the investors who paid $18 will agree that cashing out at $9 is a fantastic deal. I'd expect the SEC to halt the move based on the lawsuits it would generate.
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