LANDAMERICA (fka LFGRQ)

[detearing]

LandAmerica Shareholder Says Company Ripe for Acquisition June 4, 2007

A vote of at least 80 percent of outstanding shares is required for the approval of a merger or consolidation, sale, or exchange of substantially all the company's assets to any shareholder that directly or indirectly owns or controls 10 percent or more of the voting power.

http://alta.org/indynews/news.cfm?newsid=5083

This is an important paragraph - must have 80 percent for approval - they will be going after the best case scenario for the shareholders...

Appears to have to go to someone who directly or indirectly owns or controls 10 percent or more of the voting power, e.g., Fidelity...