From the Rio news release March 14,2022: "With the Special Committee’s support, and after completion of the independent valuation and agreement between Rio Tinto and Turquoise Hill on the terms and conditions of the transaction, Turquoise Hill will schedule a meeting of its shareholders to approve the transaction. The transaction must be approved by a vote by (i) holders of 66 2/3% or more of the Turquoise Hill shares, and (ii) a majority of the Turquoise Hill minority shareholders, in each case of those shares voted at the meeting."
- majority of the minority who actually vote at the meeting...is it not a NO when you don't vote at the meeting?
The transaction must be approved by a vote by (i) holders of 66 2/3% or more of the Turquoise Hill shares, and (ii) a majority of the Turquoise Hill minority shareholders, in each case of those shares voted at the meeting? I see now only those shares voted at the meeting are used to determine if the offer stands...
Is it not true as well that the large minority holder will have the greatest impact on minority shareholders?
Thanks in advance