myself owning 25.405.841 out of 40.000.000 shares of apple thats 63.51%
apple owns 33.000.000 out of 44.000.000 shares of Richmont thats 75%
apple merges with richmont and issues 3.319.888 new shares in exchange for the remaining 11.000.0000 shares (25%)
at the merger all my shares are sold into public hand and i get market price paid all other shareholders keep their shares
same if i decite to merge with paying cash ... same happens all my shares on apple getting sold instantly
must be something wrong there.