Noranda Income Fund Unit NNDIF

RE:RE:RE:RE:Vote calculation

[schocor]

Scotch12 wrote: Good post Eric.   I believe that Glencore made the offer because they hate the idea of losing control of the board.   It may be hubris, but I think the market has it wrong (hence the 1.40 share price).  As does the TD analyst who says the dissident shareholders have no leverage.  If they take over the CEZ board it will create tremendous leverage. I suspect Glencore's concern, if this happens, will ultimately lead them to make a more serious offer.  The two-million-dollar breakup fee is nothing to a multi-billion-dollar corporation like Glencore.  It has a 91 billion US dollar market cap.  Just outside the top 150 in the world.

https://finance.yahoo.com/quote/GLNCY/

The $2.1M break fee is nothign to Glencore; but it is Noranda shareholders who have to pay it if this deal is voted down. 

I am curious to know who has been selling shares at the $1.40 mark; these folks who are BUYING those sahres will get a vote on the director change which requires 50% of ALL shareholders (including Glencore).

I am voting no to the $1.40 offer and voting for the new directors.