(01-10-2014, 02:45 PM)geozero Wrote: Another question on the stock and business model.
I decided to buy stocks from local companies in my area which had declining stock prices. My thinking on this was that the income stream that the companies made on my stock purchase would allow them to stay afloat, but my better cars, production, etc. would still make me the #1 company in the region. Then when I had enough stock I could buy them outright.... or could I? It seems that I was stuck at buying 75% of all open shares for a company. I am not sure how to buy out a company and take control.... I see the TAKEOVER button but that seems like a cheat to take another company's cash and assets and roll them into yours. I want to do a hostile takeover the good old fashion way...
I also did not see the way to do a merger where two companies decide collectively to become one, whether or not each Marquees is kept or rolled into one... if this is modeled I did not see how to do it. If not, it would be cool to see. A friendly merger could be a cool thing... maybe the controlling company fires you as CEO? That would be a cool end game scenario... just saying.
man I love the game...
I think i remember reading the description of this in a post by Eric in one of the threads, but im not sure which one it is.
My understanding is that when you press the takeover button a vote occurs based on the price you set.
Any shares you own you will always vote automatically yes for a takeover. With shares of your own company you will always vote no.
Practically i assume this means:
- If you own less than 50% of the shares, then there is some chance involved in whether they will accept the price you offer in the takeover. I assume there is a chance it may never happen.
- If you own more than 50%, then you automatically vote yes for your part, so its guaranteed success and usually a lot cheaper as you dont have to buy a whole bunch of shares.