I don't think the coastal guys will ever vote a No eventually. Possible outcome 1: TPG increases the bid at last minute and convince everyone (or almost everyone) to vote yes. Possible outcome 2: Coastal changes mind at last minute and vote Yes. Possible outcome 3: TPG (and/or its friends) buys Coastal's share off-market, at a higher price. IMHO, #3 is the more likely result.
I am in this one for some arbitrage profit. Will hold and vote yes. Happy to get my 10c and go away.
AEJ Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held