Fight! Community Health and Tenet Hurl Accusations

May 7, 2011

I’ve posted about Community Health’s hostile bid for Tenet.  Footnoted.org is on top of the latest SEC filings that has the companies hurling accusations of corporate espionage at each other.  This is highly unusual for SEC filings.  And, for investors, this is entertaining, but not great news.

CEOs talk  a lot about shielding their companies from distractions.  If Community Health and Tenet are busy shooting spitballs at each other, they are not creating shareholder wealth.

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