RE:RE:Post SIB trading, AGM and futureYeah, I think with Mittleman's 24% having to support the nominees on June 28 it is extremely likely that they will be tossed at the AGM, although possible with a very high shareholder participation. The real fight will probably begin after July 1, and at a special meeting that I hope Mittleman requisitions as soon as possible. Like I said yesterday, if his goal is to find a buyer, then he might not do that, and instead just solicit a takeover bid, which is something that the Standstill Agreement currently prevents him from doing until July 1.
ArbProfit wrote: Still mathematically possible for board members to be voted out this AGM, but extremely unlikely since so many shares will not vote at all. I would also be curious if there are any major shareholders who support the current plan.
123c wrote:
Aimia did not lift Mittleman’s standstill agreement and scheduled the AGM for a few days before it ends. We will either hear more at the AGM, or shortly thereafter. Mittleman’s share is now about 24%, with the support of other institutional shareholders and retail shareholders I expect that Mittleman and the others will succeed in turning this around.