The company said the $120-a-share offer was not in the best interest of its shareholders.

"I've never made a decision not in the best interest of shareholders," he said.

"But in addition, there was no outside independent voice looking out for the interest of shareholders."

It said the offer was not in the best interests of the company or its shareholders.

And shouldn't corporations be run in the interest of shareholders anyway?

The board's responsibility is to protect the interests of shareholders.

"Right now we're the alternative on the table that's in the best interest of shareholders," he said.

"I think it's in the interest of my shareholders to protect that return," he said.

"We will thus find out what the level of shareholder interest in this topic is, too."

"Briefly put, we believe our proposal is in the best interest of your shareholders."