RE:RE:RE:RE:Biding his time?Im not defending the merger but I do have extensive experience reading complicated documents and to be clear, the NO vote only requires the payment of 14 million if it is because of a superior offer. You must read the language carefully to determine that.
So a flat out no vote shouldnt require the payment.
conscience1 wrote: Interesting. So we are to be penalized by our own management (who authored this) for a successful No vote? And DML is the beneficiary of a nice freebie because we use our brains and exercise our rights as FCU SHs? This belongs on the list compiled by letsgetready, and is clearly an affront to SHs rights. Has anyone seen this done before? I thought a No vote merely ended the deal.
Why doesn't DML sell another of its assets? And are they unable to do an equity raise? (I know the answer to that one).