'Kaliboo' pid='78410' datel Wrote:
'Li'loilady' pid='78406' dateline='<a href="tel:148 Wrote:I'm seeking clarification from Cynthia Black, investor relations. We'll see what she can find out.
Could it be this?
IOC and XOM are going to push the argument that they do not need another vote. IOC shareholders already have overwhelmingly approved the deal. However, IOC failed to meet the court requirements. So IOC merely intends to address those matters. The new value assessment will show that the deal is "fair" as did the first comromised assessment. Since the deal as it was presented will still be deemed fair, then there is no need to re-vote on something already passed.
However, this leaves the gap of the shareholders which might have wanted to vote No with dissent had they realized how badly they are getting screwed. So maybe there is a special opportunity to accomodate those. But I doubt it.
BTW. I'm really impressed. You are incredible at finding this! Thanks.
That is what I was suggesting in my post "XOM statement on the 7 day extension - PNG News"