Ask Jeeves Sued For Not Selling High Enough

from the shareholder-suits dept

What’s an acquisition these days without some sort of shareholder lawsuit? It seems to come with the territory, and already someone has sued Ask Jeeves for accepting too low a bid, despite the offer representing a 17% premium — and the ability for anyone who wants to step in at a higher price to make a bid. It’s yet another shareholder lawsuit just because it can be done, in the hopes of maybe scoring some cash if somehow the shareholders win.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...