4 replies to this topic

[InnerSphereNews]

Tue. Nov 13, 3049: Lawsuits filed over Nashan Diversified’s liquidation of Baker Pharmaceuticals following the hostile take-over.

[Monsoon]

Well it took almost twenty five years, but it looks like Nashan Diversified finally succeeded in a take over.

[Drakuba]

Can someone tell me what that mean? please

[Monsoon]

It means that Company A (Nashan Diversified) bought Company B (Baker Pharmaceuticals), even though Baker didn't want to sell. ND tried to first buy them out in 3025, but the executives at Baker's were buying their own stock at over market value in order to keep ND from gaining a controlling share.

Seems after 24 years ND was finally success in doing so, and then selling off pieces of the company aka 'liquidating' it to be a shell of the company it once was. Baker therefore decided to sue them.

It's all dirty Lyran Commonwealth internal corporate politicking.

Edited by Monsoon, 13 November 2012 - 11:37 PM.

[Drakuba]

And I thought that i could join Lyran Commonwealth when in future but I dont agree with their policy. I guess I have to find better fraction

Thanks for explanation

Edited by Drakuba, 14 November 2012 - 08:34 PM.