And worth noting that TB DO NOT get to vote at the Scheme meeting any shares that they hold.
So power is in the hands of shareholders, especially the multitude of small ones, if they are to get more than 50% of voting shareholders supporting the deal, so lets use it to our benefit by voting NO.
From MInter Ellisson handout.
"Can a bidder vote on a scheme of arrangement?
If the bid is structured as a scheme of arrangement, any shares in the target which are held by the bidder cannot be voted on when voting to approve the scheme.
Market purchases by the bidder will therefore have the effect of concentrating the voting power of other shareholders in relation to the scheme."
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Ann: Nearmap shareholders to vote on Thoma Bravo Transaction, page-16
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