RE:Clarifications re postso on: AAB and their LIX holdingsThank you for clarifying that.
Also to clarify how voting works in a takeover, it requires three things in this case.
1) a yes vote from 2/3 of the shareholders who are voting. Typically significantly less than 100% of all shares get voted. So both insiders and AAB's votes have a lot more punch.
2) a yes vote from 2/3 of shareholders and warrantholders. As there are only 3,425,000 warrants so essentially, the votes are roughly the same as in case 1).
3) a simple majority from everyone other than insiders. The 50% +1 vote rule.