GREY:HRIVF - Post by User
Comment by
discern1on Nov 27, 2012 5:35pm
372 Views
Post# 20651535
RE: Deal accepted?
RE: Deal accepted? All Nordgold needed was a simple majority of the minority. Because 108M shares were tendered for this offer, they are counted as a vote in favour of the deal (100M was needed for majority).
Therefore, if the rest of minority shareholders do not tender their shares, High River Gold will hold an extraordinary meeting and vote their block of shares. Voila - deal is done.