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Brown Cafe UPS Forum
UPS Discussions
ups up $.70 FDX up $5.33 on buyout rumors
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<blockquote data-quote="Dand_E_Don" data-source="post: 224416" data-attributes="member: 5619"><p>I would venture to guess that, once we went public, there's been a steady flow of stockholders who were cashing in some of their stock. In order to maintain majority ownership by UPSers, it's been necessary to purchase back as many of the unloaded shares as possible so we don't dilute voting on issues before the board that affect UPSers as much, or more, than Class B stockholders. Without UPSers as majority stakeholders in the company, I even wonder what might happen to our relationship with the Teamsters...</p></blockquote><p></p>
[QUOTE="Dand_E_Don, post: 224416, member: 5619"] I would venture to guess that, once we went public, there's been a steady flow of stockholders who were cashing in some of their stock. In order to maintain majority ownership by UPSers, it's been necessary to purchase back as many of the unloaded shares as possible so we don't dilute voting on issues before the board that affect UPSers as much, or more, than Class B stockholders. Without UPSers as majority stakeholders in the company, I even wonder what might happen to our relationship with the Teamsters... [/QUOTE]
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ups up $.70 FDX up $5.33 on buyout rumors
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