toho ups the ante, page-4

Surprise, surprise, there is another "dead in the water" thread running here...

Dahma,

...does anyone else have more than 25%...

Don't know if anybody else has more than 25% of CBH's capital.

...would that make a difference?

Don't think it would. For the Nystar takeover to proceed, at least 50% of the shareholders are required to vote in a meeting, and at least 75% of that number should approve the takeover. Assuming Toho do not wish to sell, they only need to make sure that 25% of the number voting reject the offer. Toho own 24.1%. They only need a few of the other shareholders (at least 0.9%) to not attend the meeting, or submit votes, or to reject the offer for the Nystar proposal to fail.

Hence bandicoot says "does that leave nyrstar's offer dead in the water?"