Joseph is right, the common investors can find out only after the board has approved. Any major M&A decision is finally subject to shareholder approval, but rarely has there been a scenario were the board approves the merger and the shrehodlers dont. The board is supposed to represent the interests of the shareholders.
Jan 26 2013 10:04 AM
The reason this news is kept secret is because otherwise the share prices of the public companies may be unfairly affected.