Boards always want to keep their price of a share up because if it starts to decline, the company could become a takeover target; it's viewed as a failure etc., etc.

董事们想将股价维持在高水准上,因为股价一旦下滑,公司很可能会成为收购目标,被人看做是决策失误等等

耶鲁公开课 - 金融市场课程节选

It was in 1995, a secretary at IBM Corporation was asked to xerox some documents by her boss and the documents described a proposed takeover of Lotus Corporation.

那是在1995年,IBM的一个秘书,帮他老板复印一份文件,文件有关,IBM计划收购莲花公司的计划

耶鲁公开课 - 金融市场课程节选