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A few months ago, Grandma's Country Kitchen, a large nationwide chain of restaurants, purchased one of its competitors, A Taste of Home, for $ 6
A few months ago, Grandma's Country Kitchen, a large nationwide chain of restaurants, purchased one of its competitors, A Taste of Home, for $ million. A Taste of Home stockholders got a very fair deal for the stock they owned in the company. However, it was disclosed that somehow a member of Grandma's management team mentioned the deal to five of his relatives and several friends. They quickly bought shares of A Taste of Home and purchased the stock before the acquisition became public. These actions are
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procurrent procurement.
morally acceptable.
acquisition stalking.
insider trading.
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