According to businessweek (
http://www.businessweek.com/ ), "JPMorgan Chase & Co. has bought an additional 200,000 Bear Stearns
Cos. shares, increasing its stake in the investment bank to 49.9
percent, according to a filing with the Securities and Exchange
Commission."
Now, just few more shares and Chase would have the majority of the vote. What if Chase decides to lower the bid for BSC to 1 penny a share? Because Chase has the majority of the vote, they can vote "yes" to sell BSC at any price they want, can't they? Will this be legal and possible?