RE:RE:RE:RE:RE:RE:RE:Value of U debenturesCapharnaum wrote: I also want to add that they didn't have to try and force the deal for all holders. They could have made the offer so that those voting against would see the date and conditions extended, and they could have told those voting against would be redeemed at 22% cash + shares (or whichever combo they would have done).
If the offer was that "interesting", surely this wouldn't have been a problem, would it?
I made a mistake there, those voting for would see the date and conditions extended (rather than against)...
When there isn't a third party to evaluate the offer, usually, that's how it works, holders can take the offer and get new terms or get out if they don't like it, which means it somehow reflects market value (otherwise too many would get out), without screwing anyone.