I assume the way it will run, given it’s a sale of part of the business not a takeover, is that they will call a general meeting and it will be put to shareholders as a resolution. Anyone who has a conflict of interest won’t be able to vote. Any shareholder can attend, as for a normal general meeting, although given Covid, it might be held online. Proxies can be given and a simple majority is needed. There will of course be lots of reports with the resolution claiming it’s in the interest of shareholders.
that is if the current negotiations are successful
Value of Deal, page-188
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