BTW, there is case law and sec regs regarding a majority owner selling his stake to another party should the purchasing party wish to buy all the outstanding shares. ERHC shareholders would be protected, if SNP made an offer that shareholders did not feel was fair, despite Offor agreeing to the terms, then shareholders could file with a court seeking an appraisal remedy, whereas the court would appoint an outside independent expert to determine fair value. I doubt it will ever get to that point, but there is protection.
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