GTC Biotherapeutics (fka GTCB)

[croumagnon]

LFB’s equity stake would reach 90%, which is the legal threshold for a short-form merger that becomes a fait accompli without requiring a shareholder vote.

What exactly are the rules for a takeover? In particular here are my questions:

(1) Can LFB vote its shares even if they are the ones making the takeover offer? Or are their shares not counted in that case?
(2) What percentage of shares have to vote for a takeover before the courts consider the takeover a fact that all shareholeders must accept?
(3) What exactly do you mean by a short-form merger?

TIA