02-09-2023, 07:43 PM
(02-09-2023, 07:39 PM)WillPS Wrote: 51% control doesn't mean you can totally ignore the other 49% of shareholders though, you can cause change to happen with a far smaller shareholder (this is normally described as shareholder activism).
The reality is that those 49% of shareholders wanted what happened to happen; why else would you agree to a merger.
essentially what I was attempting to say - if BSB's shareholders were on board then fair enough, but it wouldn't have been right for Murdoch's mob to go "we have more shares, we call the shots"