RE:RE:RE:The last time WTI was this highI stand by what I posted you ......
Heres a summary from Bennett Jones:
Generally, dissent rights are granted under corporate
laws for amalgamations, plans of arrangement, or a
sale of all or substantially all the corporate property.
An Offeror will usually have a condition limiting the
aggregate number of dissents to 5% or 10% of the
outstanding shares.
In the meeting context, a shareholder must dissent
prior to the vote on the transaction.
If the transaction is approved, the dissenter ceases to
be a shareholder and has only a right to be paid fair
value for his or her shares.
Pursuant to corporate laws, expert evidence relating
to fair value is required to be submitted and tested by
parties and finally assessed by the Court.
The dissent process is expensive and lengthy, but
does not delay the transaction if there is otherwise
sufficient support.
Practically, the process is usually only used by well-
funded, well-organized, large groups of shareholders
who are, or a significant institutional shareholder who
is, unhappy with the price being offered.