You are correct. It doesn't. Neither does any unsupported opinion of the board. "Correctness" can only be determined during the shareholder lawsuit. The point is however, that what he says now as to why he is making the offer will form a relevant part of that suit. So the board will need to defend with actual facts WHY free speech is not relevant to shareholder value as part of rejecting his offer. Their personal opinion is insufficient. They have a fiduciary responsibility to evaluate his offer on its merits.
You are correct. It doesn't. Neither does any unsupported opinion of the board. "Correctness" can only be determined during the shareholder lawsuit. The point is however, that what he says now as to why he is making the offer will form a relevant part of that suit. So the board will need to defend with actual facts WHY free speech is not relevant to shareholder value as part of rejecting his offer. Their personal opinion is insufficient. They have a fiduciary responsibility to evaluate his offer on its merits.
There won't be a lawsuit.
Believe that if you want. But the future will prove you are very wrong.
Want to bet actual cash money on that?