GREY:LGVWF - Post by User
Comment by
Nawaralsaadion Feb 24, 2014 6:13pm
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Post# 22244907
RE:How to vote when take-out offer is made?
RE:How to vote when take-out offer is made?Holographic,
I am certainly hopeful the book will be of interest. I will post an update on Stockhouse, once the book is available.
In regards to your question, once a formal public offer is made and a shareholder meeting is called to decide on the offer, you will receive a proxy in the mail (or online), the proxy document will give you the option to vote for or against the buyout.
The vote count will be done by the trust company where the shares are usually held. As for your final question on transaction fees, the fees would vary based on the exchange or ECN (electronic communication network) the broker is using some ECNs change more fees than others, in your LNV purchase they probably processed it through a higher priced ECN.
Regards,
Nawar