Ann: Recommended cash offer for takeover by schem, page-16

re: Ann: Recommended cash offer for takeover ... David25,

You raise a very relevant concern for when investing in equities - are management acting in the best interests of shareholders or in the best interests of keeping their jobs. That said I believe you have it the wrong way around. Upon being taken over I would be almost certain that all of the EOC management will lose their jobs, potentially all employees. Therefore I can not see any conflict of interest here from management in recommending the offer.

Where you are more likely to see a conflict is management not passing on expressions of interest from a takeover suitor or them recommending a takeover be rejected so that management retains control and their jobs.

I am the Iceman!