M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

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Tuesday, January 7, 2014

World Turned Upside Down

OK, all sorts of weird stiff going on.  The Polar Vortex (didn't I see that in a movie about the end of the world?), Commutapocalypse (apparently the T in Boston doesn't work when it's cold), and then this:

"I am sure that I along with other shareholders in Sirius XM will be interested in a legal challenge to John Malone's company for lowballing Sirius XM's shareholder value," Nader said in a statement.

"Carl Icahn - take notice and interest."

Who said that? Ralph Nader.  WTF?!  This guy?? The guy who once said,"The liberal intelligentsia has allowed its party to become a captive of corporate interests."  I don't know.  Maybe he realized that he doesn't have a pension and that his retirement is funded from a 401(k) and he put it all into Sirius stock?  I don't know.  But, to see Ralph Nader using the language of shareholder value and calling upon Carl Icahn to save him is ... well ... it's ... I don't know what to say. Speechless.

-bjmq

http://lawprofessors.typepad.com/mergers/2014/01/world-turned-upside-down.html

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