RE:RE:RE:RE:Proxy Advisory Firm Glass Lewis Says "DO NOT TENDER"Paddy902 wrote: There is no new proposal to vote on yet. I voted NO on the first and the second one....but there will now be a third, but nobody has voted on it yet. A few have made their intentions clear. The reaction of the stock today gives me no further confidence in any of this.
This is FALSE
There will NOT be a 3rd proxy. If you have voted your 2nd proxy you can change your vote by logging in with your proxy. If you voted by mail you will have to call to change it.
Today's reaction in the share price is related to the press release issued by Letko and Brandes LP that they are BOTH REJECTING the revised offer of $16.00. I'll repeat again the action in share price are people selling who were playing the spread (arb) as they do not want to be around if the company continues on it's own and the status quo remains.
Vote
AGAINST ths proposal
"We would also like to bring Dorel shareholders' attention to the report issued by Glass Lewis, an independent provider of global governance services, which recommends voting AGAINST the initial offer to take the company private." - Letko Brosseau https://www.prnewswire.com/news-releases/brandes-intends-to-vote-against-amended-proposal-to-take-dorel-industries-private-301219542.html
https://www.princegeorgecitizen.com/letko-brosseau-and-brandes-to-oppose-dorel-privatization-despite-sweetened-offer-1.24276046
https://www.newswire.ca/news-releases/letko-brosseau-intends-to-vote-against-proposal-to-take-dorel-industries-private-811397478.html