GREY:LACHF - Post by User
Comment by
BearBullBrianon Aug 16, 2012 10:47am
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Post# 20224387
RE: Voting options
RE: Voting options When the buyer reaches a certain threshold of bought shares (90%, I think) they can then force the holdouts to sell at the offer price. However, if the buyer doesn't reach 90%, the minority shareholders have some power and have to be dealt with, or the buyer can chose to more or less ignore the group until they have to take important decisions. I've never heard of a situation where holdout shareholders made out better than the offer because they held out.
I think the deal is a poor one for the shareholders, but I also believe it's the best we're going to get. Remember, the company was on the block for quite some time before this offer came along.
BBB