RE:Re Vote Countwrong. Only shares that are voted are counted. Also, management and insiders don't get a vote.
Shareholders can give their proxy to management to vote, and must indicate their voting preferences, either yes or no. If no voting preference is given, THEN the vote is made in favour of the proposal.
toriddog wrote: It has always been my understanding that if shares are not voted it is assumed the vote is whatever management is voting.
So in this case 33% or 118 million NO votes must be recieved for the deal not to proceed.
The only way this deal fails is if we get a better offer before the close . End of story.
If somebody thinks this is wrong prove it by clearly showing some other outcome in the info provided. Most cases no votes are counted by the shareholder pushing the sell button before the deal closes.