Per IR on your vote

[jft310]

Right off the phone with IR . If you vote yes you are voting for OSH current bid not Exxon . If you vote no you are voting against OSH current bid . Each higher BOD accepted bid will trigger a new vote .and 30 days to vote .  The market likes Exxon so far

Tree I luv you but this time your not correct per IOC .

[katytrader]

Right off the phone with IR . If you vote yes you are voting for OSH current bid not Exxon . If you vote no you are voting against OSH current bid . Each higher BOD accepted bid will trigger a new vote .and 30 days to vote .  The market likes Exxon so far

Tree I luv you but this time your not correct per IOC .

Right.  Just read the language on the ballot.

[jft310]

Katy correct -The ballot sums up each of the votes you may be asked to vote on .

[kommonsents]

Of course, one has to read what one is voting for.

But what Tree advocated was to vote YES FOR each SUPERIOR offer.

Seems simple and clear to me.

[Stavros]

Deciding to vote YES for each succeeding Superior Proposal is sheer stupidity.
There is no other way to categorize that strategy

[jft310]

Example / Exxon's bid is public and voted Superior therefore a no vote on the inferior bid from OSH makes sense , Mr Market would not drop a stock price for turning down an inferior offer , Mr market will bid up the Superior bid. As they did with Exxons bid .
On the 21st the BOD may have a decision to make between an improved OSH deal and the Exxon deal . If the OSH new deal is voted Superior to Exxon a new vote will be scheduled . Shareholders get a vote. At anytime Exxon can bid again and Total can also at any time offer a Superior bid without OSH . With a BOD vote it's Superior we start the 30 day clock again .
Seems inevitable someone offers a Superior offer to Exxon . I doubt very seriously if this ends this week . My opinion

[Stavros]

I will vote NO to the ExxonMobil Offer.

OSH Offer was crap.
XOM Offer is crap +10%

[oliver.gump]

Right off the phone with IR . If you vote yes you are voting for OSH current bid not Exxon . If you vote no you are voting against OSH current bid . Each higher BOD accepted bid will trigger a new vote .and 30 days to vote .  The market likes Exxon so far

Tree I luv you but this time your not correct per IOC .

That right there is exactly what I have been saying. Exactly! Re-read my posts to check if you like. Tree is either an idiot, or looking for a quick exit regardless of price.

[oliver.gump]

Of course, one has to read what one is voting for. But what Tree advocated was to vote YES FOR each SUPERIOR offer. Seems simple and clear to me.

Voting yes an hoing that vorte would apply to a better offer is like bidding on your own stuff at an auction. You could be left holding hte bag, along with a 15% auctioneers premium and GST.

[Stavros]

I asked the IR Department today: "If OSH does not improve their bid by the Close of Business in NYC tomorrow (21 July) … what happens to the current Proxy Voting?"

Their response was: "It is cancelled and the clock is reset ie. New record date, new MIC, new voting date (likely September)."

In any case, I will continue to vote NO to any and all Bids that do not value IOC properly.

The current XOM Proposal IS NOT ACCEPTABLE TO ME.