Opponents of Stronach payout launch appeal

Opponents of Stronach payout launch appeal

So let's see if I have this right. Magna International reaches an agreement with Frank Stronach to collapse his multi-vote shares which includes his picking up cash and normal shares. A super majority (75%) of the shareholders approve as do the markets (which ultimately increased the share price after the deal was hammered out). A Judge has now also approved, based on these two assertions, and yet some institutional investors (see previous post) still don't agree and want to appeal the judge's decision.

Just a thought - earth to the institutional investors - it doesn't matter how hard you fight, you're STILL going to lose on the basis that it doesn't matter how "fair" you believe this deal to be, there is going to be a premium attached to getting Mr. Stronach to walk away from his company.

Or would you prefer that the company get into a bidding war for the shares which ultimately control the company? I'm sure that Mr. Stronach would be happy to see what he can get on the open market for those shares.