RE:RE:RE:RE:Phone call from PIHI agree with you that there is a reasonably good chance that the Methode offer will be voted down...
Let's do the math:
Other than the 30% shares controlled by management and insiders, I don't see why anyone would vote for. They still need 36.67% while there are 70% remaining shares to vote... and 2 major shareholders with more than 16% already came out to announce they would vote against... They now need 36.67% while there are 54% remaining shares to vote, which is likely mostly retail investors... This means they would need 68% of the retail vote to be in favor... Good luck!
I think that just the fact they are giving out calls to investors show how desperate they are getting... I've never heard of management calling investors to get them to vote in favor or arrangements before... Just imagine if they would spend that energy and resources in maximizing shareholder value...
I think the big question now is; what happens to the share price when the deal will Methode fails?? I'm thinking 20$ to 22$... Hopefully Methode and management communicate beforehand and Methode raises the offer to something closer to the Chinese's before the actual vote.