RexTalionis: Vegan Meat Popsicle: RexTalionis: Wouldn't that also devalue the stock for every other investor out there as well?Not necessarily. The trick is that current investors get to buy stocks at a discount which not only screws Icahen, but it can help absorb a good chunk of that devaluation. Icahn is the only one in this scenario guaranteed to get screwed. However, yes, anybody else currently holding stock might take it in the ass with him.So, it only screws over the people who might hold onto stocks for the long term in their personal portfolios or IRAs or 401Ks, rather than the active traders who make a living analyzing stock.
jvl: RexTalionis: Wouldn't that also devalue the stock for every other investor out there as well?Hence the name "poison pill"
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