If > 50% (in number of holders i.e. NOT no of shares) of those holders that vote, actually vote NO, then buyout cannot proceed.
A good outcome as things have improved since the $5.08 issue price....so like others I would like to think $5.08 (or certainly something better than $4.60) may appear on the table.
Suggest this would only happen if the proposal voted down by a NO vote ie Brookfield's strategy will be to run it to the vote and only increase offer if voted down.
Pleasing to see the number of like minded NO voters on this thread...who knows - we may yet get it voted down.
PIH Price at posting:
$4.59 Sentiment: Hold Disclosure: Held
