All three actions are aimed at blocking the $7.4 billion sale, alleging the price tag is “unfair and inadequate.” They also allege “claims for breach of fiduciary duty against the individual defendants and for aiding and abetting a breach of fiduciary duty against the corporate defendants,” the filing states.
Hmmm… Breach of fiduciary duty? By board members? Nah … couldn’t happen … (yes, I am being sarcastic).
But these shareholders allege that the price was too low.
I have to disagree with this. The market suggested a significantly lower price than Oracle paid.
Its probably not worth pushing that point too hard, and just let Sun go gentle into the good night. Put another way, stop looking at this gift horse too closely.
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