"Cadbury shareholders stand to lose out massively"

"Cadbury shareholders stand to lose out massively" is the language a shareholder has used in suing Cadbury to reconsider the Kraft offer. More specifically, according to a Reuters story today:

"Cadbury shareholders stand to lose out massively if the Cadbury board continues to refuse to negotiate a transaction with Kraft," the lawsuit said. "But Cadbury's board stands to lose its lavish compensation and positions of power if Cadbury is sold."

And there you have it. Either this shareholder reads TLRB or more likely came to the conclusion that I hypothesized: management has a lot to lose when the company gets sold, while shareholders have a lot to gain. The agency dilemma is alive and well. I for one have my popcorn and comfy chair ready to watch as the Kraft-Cadbury saga gets even more interesting (to me at least).