Originally Posted by
azboy
Why does B6 have to wait for this vote? Can’t they just tender the shares, get the 50.1 and begin the hostile takeover? It’s obvious NK BOD will keep delaying the vote until they some how get the vote they need.
That’s a damn good question. If F9 ups their bid, B6 will follow suit likely…. Becomes more and more expensive…. If B6 has the votes to remove the board, they’ll likely do it. The lack of action means to me, speculating, that they don’t have a controlling vote…….yet.