DOMINION CITRUS INCOME FUND T.DOM.UN

RE:RE:Going private

[iwasgold]

Perhaps that applies for a majority owner, but for Dominion there is no single majority owner. The insiders can agree to vote as a block to achieve a simple majority. As far as I know just a 50.1% type outcome is enough to approve a proposal. Companies may announce a higher bar, eg 60%, if management wants to appear to be more shareholder friendly. If you are going private you probably would not care about that. It appears to me that they are shopping the company around and are not trying to acquire it themselves. In this case the recent share price increase is probably not helping, although it may show that there is more confidence in the company than at first it might appear. If thery are shopping it then I expect a PE firm to be the most likely buyer. Possibly they may try to get more value by sellling off a piece of the operations, or selling the pieces separately. I hope the poor retail common share holder is not forgotten in all this!