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