Sunday, March 13, 2022 12:34:48 PM
The voting majority of JPS only lets the holders negotiate with the enterprise as to what to offer as a voluntary buy out. This means that all holders still have a choice if they want to accept or not. There can be hold outs. Just like that one house which refuses to sell to a redeveloper building a gigantic complex but is forced to build around that singular house. You can't force someone to sell.
One is a redemption and the other is an offering. Not quite the same.
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