Ann: Letter to Shareholders, page-6

I am really confused by the language here.

"The directors of NTC just don't get it. They need to realise that shareholders don't want to sell the company, pure and simple, so just don't do it."

In order for the takeover to complete, 75% of shares and 50% of shareholders must vote yes. If you are correct, then that won't happen and the fuss has been for nothing. If however, the vote succeeds then clearly the majority of shareholders wanted to sell.

I guess we wait until the end of next week to find out.

R.