Chef747, what Roznov was talking about is called a reverse...

Chef747, what Roznov was talking about is called a reverse takeover. Basically the smaller company takes over the larger company.

With regards to needing 90% of the vote, that is correct for a standard takeover offer however a lot of takeovers are done via a scheme of arrangement. For a SOA to succeed 75% of votes from shareholders need to be in favour. Eg if 20% of shareholders vote and 75% of those are in favour then all shares are taken over.