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Advised by the board not to accept a mandatory offer that undervalued the business, they were reluctant to sell.
He is accused of improperly transferring land to Palm Hills via a foreign company that undervalued it.
This produced exchange rates that, at the existing prices in Britain, overvalued the pound and so tended to produce gold outflows, especially after France chose devaluation and returned to gold in 1928 at a parity that undervalued the franc.
Demand was so high after City analysts suggested the shares were being set at a price that undervalued the Royal Mail by at least £1bn, giving rise to protests that the government was selling the taxpayer-owned postal service too cheaply.
Six months ago, Hearts released a statement saying they had rebuffed an offer from Massone that undervalued the club, adding that the board "feels the Italian may not be the right person to take the club forward".
That included falsifying the amounts paid to vendors, getting appraisals that undervalued his properties, and buying a $15.5 million stake in one of his son's properties before selling that stake for $10,000 a few years later.
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And this consequence jibes with the traditional notion behind a pill, to prevent an unwanted takeover that undervalues the company.
More broadly, conservationists see the looming cuts as part of a worrisome trend that undervalues natural resources like parks.
Thorn said the Nets' performance against San Antonio in last year's finals showed that undervaluing the East is not accurate.
A bill with support from 143 House members from both parties would allow the United States to impose tariffs and other penalties on countries that undervalue their currencies.
We have had an analytical community that undervalues these companies, but we have had one transaction after another at significant prices over NAV.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com