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h_man_investor

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h_man_investor

Re: bwana12 post# 1661

Wednesday, 11/24/2010 3:56:56 PM

Wednesday, November 24, 2010 3:56:56 PM

Post# of 1731
Take a look at how voting agreements work with mergers.

If a majority of the shareholders (MM and C that have 66 2/3rd of the voting rights) agree to vote a certain way there will not even be a proxy for the other shareholders to vote on (you get what is called an "information circular"). There isnt even a shareholder meeting required!

Not only do they have a majority of the board seats, they also have a majority of the voting rights!

http://www.articlesbase.com/law-articles/what-is-a-shareholder-voting-agreement-and-when-can-it-be-enforced-482195.html

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