Bindingness of HBM/LUN dealWe all know that LUN is currently trading at a significant discount to HBM's offer price which is based on 0.3919 exchange ratio.
My question is just how binding is this deal? Under what conditions, if at all, can Jaguar's proposal succeed? From a legal perspective, what are the possibilities of this deal falling through?
I read the precedent with Goldcorp/Glamis deal whereby Goldcorp acquired Glamis without letting its shareholder voting on the matter and Robert McEwen also initiated shareholder lawsuit against the deal. It closed nevertheless.