Replies to post #1661 on Scottish Re Group Ltd (fka SKRRF)

[h_man_investor]

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