RE:RE:RE:I think I’ll sell mine My understanding only. Say a private investment firm (Investor) wanted to obtain control of E3 and take it private, Investor would make a bid to acquire 90 % plus of the common stock of E3. Investor would offer a premium to purchase the E3 shares in order to entice E3 shareholders to accept the offer. E3's Board would establish a committee to evaluate the bid with the aim of looking after the interests of all E3's shareholders. If the committee felt the offer was fair, they would recommend that E3 shareholders accept the offer and tender their shares. If Investor was able to meet their minimum objective, they would purchase the tendered shares. If fewer than 10 % of the E3 shareholders withheld their shares, Investor could force the issue - the dissidents would be forced to sell their shares at a value made by an appraiser appointed by the court.