Originally Posted by
nguba
It would be for Wizzair shareholders to decide whether to accept an offer from IAG, not its management.
Think you will find management are shareholders as well.
Also many takeover target shareholders will rely on what management says into whether to accept or reject an offer.
Simple reason is that if good management had delivered decent steady returns then trust already built up.
In addition if an offer made which undervalues the business then management will act to either to increase the bid or indicated no sale is going to happen................ a hostile takeover without management support is generally a complete disaster.