Say what you will about Waterloo Capital’s case against BWX BWX’s independent board committee says it’s “filed opportunistically” but no one really cares about whether Michael Fabregas is owed millions for allegedly being cut out of a management buyout deal he helped create.
The interest and maybe this is Fabregas’ legal strategy is entirely in what the case alleges about BWX’s now-benched executives and the motives behind their decision-making while they ran the company. And when it comes to that, it is no less intriguing than a Michael Lewis thriller.
We could go on for days about the many implications raised by the submissions, and the hundreds of pages of emails filed in the Supreme Court of New York.
But we’ll…
Read the full article at: https://www.afr.com/brand/rear-window/did-hushed-takeover-planning-allow-bwx-execs-to-buy-cheap-shares-20180718-h12tll