friendly merger takes over a company i got 75% ownership?
Posted: Thu Dec 17, 2015 8:36 am
after getting a 75% owned sub setup for a test something curious happened:
Friendly merger! Panasonic merges with sony
now i got 2.53% of panasonic (before 0%) thats ok but ...
how the hell can panasonic merge with sony if i hold 75% of sony and the management policies are totally wiped of any permission to do anything but pricing the products in retail. (just a simple price robot thats what he is)
correct me if i am wrong but a merger does need 3/4 or in some countries 2/3 of total company votes, as i hold 3/4 of the company shares i would have to be asked to agree the merger or decline but this didnt happen, the company was just taken away!!!
the 2nd time same happened and this time when trying to open infocenter theres an error message:
Stock, who_filter()error: 5, 4, 37 and crash ofcourse
Friendly merger! Panasonic merges with sony
now i got 2.53% of panasonic (before 0%) thats ok but ...
how the hell can panasonic merge with sony if i hold 75% of sony and the management policies are totally wiped of any permission to do anything but pricing the products in retail. (just a simple price robot thats what he is)
correct me if i am wrong but a merger does need 3/4 or in some countries 2/3 of total company votes, as i hold 3/4 of the company shares i would have to be asked to agree the merger or decline but this didnt happen, the company was just taken away!!!
the 2nd time same happened and this time when trying to open infocenter theres an error message:
Stock, who_filter()error: 5, 4, 37 and crash ofcourse