Posted by
timothy
on from the sighs-of-relief-or-disappointment dept.
Several readers have submitted word (this one comes from n8twj) that "CNet News is reporting that AOL Time Warner apparently is NOT making a bid to buy Linux manufacturer Red Hat, said sources familiar with the matter."
Think before you rant!
by
Shabazz
·
· Score: 5, Informative
Public companies can't lie or make any misrepresentations when dealing with questions from investors (or the press). This makes coverups very difficult because they could result in very expensive lawsuits. If they deny that they are in negotiations, and they are, then they are liable under Rule 10b-5 of the Securities Exchange Act.
And for the record, IAAL.
Slashdot Mirror
Public companies can't lie or make any misrepresentations when dealing with questions from investors (or the press). This makes coverups very difficult because they could result in very expensive lawsuits. If they deny that they are in negotiations, and they are, then they are liable under Rule 10b-5 of the Securities Exchange Act. And for the record, IAAL.