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AGT Food and Ingredients management tables buyout proposal

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Cardboard:
That 18.6% single vote is a major road block to this deal.

When you look at these transactions, you often see only 50-70% of votes being cast.

Assuming 60% of shares being voted, that is 31% against and they only need 33 1/3% to block the deal.

It could be higher this time around since there are 46.1% of shares outstanding between 3 groups that will definitely vote but, even using 70%, you still have a guaranteed 26.6% opposition.

Then most retail who vote in these things or are fervent tend to be opposed.

So it is not looking good to go through IMO. You could be on to something with a slightly raised bid.

Cardboard

bizaro86:
Should be a majority of the disinterested shareholders requirement as well shouldn't there?

tripleoptician:

--- Quote from: Cardboard on December 13, 2018, 05:52:31 AM ---That 18.6% single vote is a major road block to this deal.

When you look at these transactions, you often see only 50-70% of votes being cast.

Assuming 60% of shares being voted, that is 31% against and they only need 33 1/3% to block the deal.

It could be higher this time around since there are 46.1% of shares outstanding between 3 groups that will definitely vote but, even using 70%, you still have a guaranteed 26.6% opposition.

Then most retail who vote in these things or are fervent tend to be opposed.

So it is not looking good to go through IMO. You could be on to something with a slightly raised bid.

Cardboard

--- End quote ---

Thanks for that perspective. It was helpful

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