Young And The Restless Discussion Group -- Gloria buying Jabot stock?

Young And The Restless Discussion Group

Topic: Gloria buying Jabot stock?

Topic Posted by: katiesbeach
Date Posted: Mon Jul 14 15:12:27 2008
Additional Comments: What makes Gloria and Jeffrey think they can waltz in, unnoticed, and buy up the lion's share of Jabot stock? I mean, if it could have been done already, wouldn't have Brad or Jack done it?

Posted by: Martypants
Date posted: Tue Jul 15 16:58:17 2008
Message:
Could be that Chancellor Industries is public, and Jabot is a subsidiary. In that case, there wouldn't be separate shares of Jabot. You'd have to buy Chancellor to own Jabot. If Chancellor is not the sole owner, and instead owns a majority of the equity in Jabot, which is publicly traded, then I think this is a spiffy new plot-driven revelation. I was under the impression it was taken private again after Victor's coup in the late '80s.

Posted by: Marilou
Date posted: Mon Jul 14 16:14:27 2008
Message:

I would believe Jill, Ashley, Tracy, Katherine, Billy, Nikki, Victor and Brad together own a majority share of Jabot. But if that inane Glo-Jeff combo could buy Nikki's and Brad's stocks undetected, as well as most of the outstanding shares on the market (I am wondering, though, if Jabot has ever gone public), they could become the majority shareholders. So I'm wondering what stocks Glo and Jeff are talking about if the company is not public.

But I think it is still a family business with the shares split between the usual members of the family (Jack, Ashley, Tracy, Billy), plus Jill (John) and Nikki (Jack) who were once Abbots, and Victor, Brad and Katherine.

Posted by: JJBristow
Date posted: Mon Jul 14 15:40:07 2008
Message:

Victor did do it in 1988/1989. Under various corporations and personal acquaintances, he bought enough shares to takeover the company right under John, Jack, and Ashley's noses. Jack wanted to take the company public against his father's wishes and Victor swooped in and bought the shares covertly.

I guess if Jeff and Gloria want to set up fake corporations, business, and aliases throughout the country and buy enough small shares each...as long as either of their names are on the ownership - 51% could be all theirs.

Even though Jill still has her 20%, right?

Posted by: rosie
Date posted: Mon Jul 14 15:38:50 2008
Message:
I would think Jill and Cathrine would own just enough stock so there couldn't ever be a take over,isn't that what big business bosses do ?? This show is so frustrating, I had a tough time watching today.