My expectations on the vote.....For me personally, as i STILL do own my VERY modest holdings of PIpe and will NOT sell below $3, nothing has really changed. I STILL believe the deal will pass, but with VERY tight margins because StratCona/Waterous have "secured" the votes they need. And the only thing that could chnage that is Al Mehwar's stance or leaning on this deal. But as they've stayed pretty much quiet and have not said one word and no one has heard one peep from these Abu Dhabi guys, i figure that that's a BAD SIGN for the opposition as the StrathCona folks probably got to them early and conviced them to go alondg with the proposition. Now that's not a fact or a guarantee BUT their silence is very telling AND only they can change the course to defeat this deal.
So what do i expect in terms of voting? IF the the Abu Dhabi folks vote for, then this will pass with about 75% FOR. BUT if they vote against it by some miracle, then depeding on their interest, which latest count was between 10% & 13%, this WILL BE a nail biter to the end......and will depend ALSO on how mmany shares the Strath proxy folks accumulated in the past year AND how small institutional players like Libra that hold ~1% & retail actually vote.......and the difference here could be as little as 1% or 2% between for/against.............
So this should be really interesting.......and very telling of what GMT motives are......
GLTA