My Analysis: No synergy value in valuation, page-72

The way the resolutions stand:

if you vote against (1) it means that you do not agree to the updated offer of 20.8, and that you agree with 14.6.

If you vote against (2) it means that you do not agree with offer outright.

This is how your voting preference is currently recorded within the Automic Registry; if you have not updated it since the before the latest increased offer to 20.8.


The thing is if you do not update your voting preference and change (1) to for, and the majority against (1) wins and the yes vote (2) wins for a takeover; this means that you will receive 14.6 cents per share.

If you prefer the updated offer of 20.8 cps vs the 14.6 cps and do not agree to the takeover vote as follows:

(1) For
(2) Against