EZM, According to yahoo stats, institutions own 23% of the shares and insiders own less than 1%. Even if all of those were to go along with it they have nowhere near the 65% approval required. I also don't for a minute believe that the institutions will go for this if a better offer comes along. As for the public there was a straw poll taken on Yahoo yesterday and the nays outvoted the yeas by something like 970,000 to 41,000 shares . That was an unscientific poll but it does show a clear bias against doing the deal. I'll predict that this offer will fall on its face unless they set it up so that stockholders who don't vote are counted as votes for approval. Then it might fly (especially if they manage to lose some ballots) Btw, does anyone know if that will be the situation here?
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