(when i say company I mean business, not sure if you call it that in the US) I THINK that it's too allow public companies to buy private companies, because private companies are owned by the people that buy the shares, but the shares can only be bought by people who have invited to buy the shares, get it? but public companies are owned by people who buy the shares, but ANYBODY can buy a share, and they can sell it and exchange them, right?
So when a private company isn't doing too well, and the people who are invited to buy shares don't want to but can't sell them either, it allows public companies to jump in and buy the shares because that way anybody can buy them. It's a complicated thing and I'm not even 100% sure on it haha.
I'm in bed with food poisoning right now, and I have an exam tomorrow, so i'll get to the bank asap and paypal you what I owe you, don't worry I haven't forgotten
