Nemaska Lithium Inc NMKEF

taking private - low ball offers

[Tcheck]

sorry for previous post


The SEC shouldn’t allow interested parties to vote on delistings,
 said Smith, whose firm holds shares in around a dozen
 U.S.-listed Chinese companies across various funds.
 There is clear risk that “on any market volatility you could get a low-ball offer
 that is in many ways a foregone conclusion.”

Smith cited the $8.7 billion buyout deal for China’s largest online classifieds
 firm 58.com Inc. as the most recent example that shows the advantages
 controlling shareholders have over minority investors
 in a take-private transactions.
 
 An investor group backed by 58.com’s founder Jinbo Yao was able to approve
 the transaction even after minority investors including Aberdeen
 said the proposed bid significantly undervalued the business.

“We wrote to the company but the controlling shareholders were able to vote
their shares in favor of the transaction,” Smith said.

that exactly what IQ is trying to do .
softbank maybe too
we will see
but in fact we are the controlling shareholders
never forget