IBM acquires Red Hat

Re:IBM acquires Red Hat by newnewpdro on Sunday October 28, 2018 @04:48PM (#18323081)

> Red Hat shareholders just sold out. Goddamnit.

RedHat is a public company, in what fantasy land do you exist where this isn't expected?

Furthermore, the deal is still subject to shareholder approval:

> The acquisition has been approved by the boards of directors of both IBM and Red Hat. It is subject to Red Hat shareholder approval. It also is subject to regulatory approvals and other customary closing conditions. It is expected to close in the latter half of 2019.

So you really should be complaining that RedHat's board of directors just sold out, and that's their fiduciary duty.

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Re:IBM acquires Red Hat by stephen_g on Sunday October 28, 2018 @10:16PM (#18324519)

Selling out is not necessarily the “duty” of the board of directors. It could definitely be in the interest of shareholders to stay independent.

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Re:IBM acquires Red Hat by ternaryoperator on Monday October 29, 2018 @01:17AM (#18325231)

Agreed. The board's fiduciary duty is to do what's best for the stockholders.

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