Those who wish to exercise their vote will be make their way to the meeting either by proxy or in person. There will probably be a high voter turnout given the gravity of the proposals at the meeting.
I think, the overwhelming vote of EPS holders will be 'yes' because those who haven't already sold on market will want their cash payments. There is not enough unity of dissenters saying 'no give me more' to BAM. It is on one hand simply too difficult to negotiate an exact price and will risk BAM walking away. On the other hand, if there is a strong consensus (that is big holder/s) that: holders were low-balled and that there is an alternative relatively painless (big if), then a higher price may be negotiated.
Also, I think, the likelihood of a Nick Bolton-type deal is low because of the large sums of money required to build up a large enough stake, the short amount of time in which to do so and even if some antagonist has the money is it worth the risk, really?
The massive crossed trades and volumes of EPS traded indicate the deal is probably done.
The old adage of punting on the jockey not on the horse, I think, carries alot of value in this context. This management team have been, I think, reckless as to the truth of their statements and deeds at best and at worst lying through their teeth.
My posts contain opinion and speculation only. Under no circumstances should you rely on anything or said or not said.
confidence in recap approval appears misplaced, page-49
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