"As far as I can find, no, AVL shareholders do not have to approve a revised offer. However, they will have to support the issuing of additional shares to cover it."
So they essentially do get to vote. However, I assume it's not as easy to block because you would need more than the 25% that TMT need?
"which brings a question posed a few days ago - what do AVL holders value TMT at??"
It looks like we will never get an answer to this one. AVL holders seem to be in denial that 12:1 getting blocked is a very real possibility.
AVL Price at posting:
2.4¢ Sentiment: Hold Disclosure: Not Held
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