Naresh Goyal ready to step down from Jet board

“Goyal is not adamant about not stepping down. He is holding on till the right valuation is arrived at,” said a person in the know, indicating that the carrier’s boss is negotiating hard. In case of a management change of a company through a takeover, the new buyer has to make an open offer to the general public to buy an additional 25% shares.

from Times of India http://bit.ly/2T7LYwy