People buying purely to exploit the spread, which is the difference between the offer price and the price you can buy at now.
They'll all vote yes.
A basic run-down (randomly selected source) in the link below.
https://corporatefinanceinstitute.com/resources/knowledge/deals/merger-arbitrage/
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- Ann: Nearmap Board unanimously recommends Thoma Bravo's offer
Ann: Nearmap Board unanimously recommends Thoma Bravo's offer, page-40
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