GREY:WFEMF - Post by User
Comment by
chizzleson Aug 18, 2015 3:48pm
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Post# 24029115
RE:RE:short takes on today's posts
RE:RE:short takes on today's posts
I think that it is very likely that the vote passes. Don't forget, they need 66% yes for the merger to go through, but it is 66% of all of the shares that exercised their vote. So if there are currently 350mil shares of Wof, I think that there is a good chance that only 250mil exercise their right to vote, they really don't need that much. I haven't checked but I think that the 7 largest shareholders own about 110mil shares, and if they are all YES votes, that means out of the remaining 140mil shares (to get to 250mil, which is just a guess), 55mil out of the remaining 140mil have to be YES to reach the 66% for the merger to go through. Based on the fact that most of us voted in favour of the merger, and I think that we collectively own a lot of shares, I would be very surprised if the merger doesn't go through. Just a question...if we know by Monday if the merger is completed, when do we find out if we have approval from the court? Is there any chance that the court would deny if most are in favour of the merger? I am not familiar on how that works. Thank you in advance.