“A lot of people died fighting tyranny. The least I can do is vote against it.” — Carl Icahn.
Shareholder activism has arrived on our shores. Sunningdale Tech Limited has become the latest battleground between insiders looking to take the company private and activists looking to get a better deal for themselves and other minorities.
Are the insiders at Sunningdale bullying minority investors? Or can this be a case of David rising against Goliath?
If you are a shareholder of Sunningdale, what can you reasonably expect next? For the rest of us retail investors, besides an entertaining dose of reality soap, what lessons can we draw?
What is going on at Sunningdale Tech?
Sunningdale Tech Ltd is a precision plastic engineering company with manufacturing plants in eight countries globally. The company has four main business segments: Automotive, Consumer/IT, Healthcare, and Mould Fabrication.
While the company enjoys steady cash flow generation...