The CST action group is a collection of individuals that are not compelled to vote in a bloc. Personally I would think a price of $10 is fanciful, but I believe a price of $3.55 is insufficient. I applaud Vic for taking up the fight on behalf of the 'little shareholders'. If Qiagen are serious, they need to raise their offer to $4.50 or $5.00. I suspect at that point you would get many of the CST action group supporters reappraising their investment decision.
I do not hold many CST, so the personal $ of my actions are not huge. But I resent boards of listed companies treating shareholders like they are idiots. CSM a few years back comes to mind and the battle shareholders (myself included) took up with them stemmed primarily from their actions which were (in my opinion) clearly not in the best interests of the shareholders. In that case, our shareholder action helped to improve the ultimate outcome for all shareholders. I hope the same happens here.
CST Price at posting:
$3.19 Sentiment: Hold Disclosure: Held
