Why do this?
I don’t understand how this works. If he owned 50.1%, I get it, but not 9%.
Could just be the typical T Boone move. Spend about a year buying up Gulf Oil stock through various accounts to not draw attention then make a bold public move and state you’re going to take over the company. Market reacts, stock shoot up and then you dump everything and walk away with a big smile on your face.