RE:RE:What the heck … a buyout. Who will determin who the disinterested shareholders are.... If a fund owns both they are not disinterested and may in fact have orchestrated this ....JMHO
Thats why I have been barking like a dog for the past 6 months.
The transaction will be completed pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act. The transaction will be subject to the approval of at least 66-2/3rds per cent of the votes cast by Marathon shareholders at a special meeting of Marathon shareholders and a simple majority of disinterested shareholders (if required under applicable laws). The issuance of common shares by Calibre as the consideration in connection with the transaction is subject to the approval of a majority of the votes cast by the shareholders of Calibre at a special meeting of Calibre shareholders. In addition to shareholder approvals, the transaction is also subject to the receipt of certain regulatory, court and Toronto Stock Exchange (TSX) approvals and other closing conditions customary in transactions of this nature.