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Comment: Re:not accepted != not considered (Score 1) 214

by Henry Salt (#8305493) Attached to: Disney Board Turns Down Comcast Takeover Bid
I believe (but I'm not a lawyer, YMMV etc.) that any board of directors has a fiduciary responsibility to consider any proposal. After all, legally, they're representing the shareholders. Of course, they might hate the very idea of a take over, and the "consideration" may be perfunctory. But they have to at least go through the motions.

"Consistency requires you to be as ignorant today as you were a year ago." -- Bernard Berenson