The shareholder vote is 1/6. There is no board vote needed, and there is no dividend (this has already been covered). Under Israeli law, the deal cannot close before 2/5. Also, you may get less that 8.97; read the proxy for details. HTH
The proxy votes and other votes of shareholders at the annual meeting will be counted in first week or twio of January 2015. Not sure when we get the cash.
i guess i should have rephrased that. when will the actual deal close? I tried asking schwab but they were not at all sure. That's why i turned to the board. I set a sell price of 8.97 but am still perplexed as to whether or not there is a dividend involved. Earlier i thought the deal would close in Jan or sometime in 1st quarter. Again just looking for more details. As per the shareholders vote I was sent a proxy so I think they do have a cumulative say. I actually voted against.
Not sure what you meant by final acceptance date but the deal that was announced was a definitive agreement it is subject to approval by the Two boards (not the shareholders if I am correct). it will probably be March 2015 before the deal closes and shareholders get their money. (Assuming that everything goes smoothly which is a high probability).
Gary: The insiders voted unanimously for the merger and they also sold all their shares in two public offerings that netted them $5.00 per share in the first offering & then $6 per share in the second offering. The $10 per share days were a fluke as the market proved in the long run.
Maybe you know more than the insiders, but I really doubt that.
I agree that they will have all the votes they need for the deal to go thru uneventfully.
Thanks for your reply.
They analyzed CIMT as overbought, but are unaware (duh) that Cimt is being bought out by 3D. An example of total stupidity of their analysis ! I have found Zacks to totally worthless (oblivious to news) on many of their opinions.
I should add my vote is a protest vote and won't matter- I'm sure they'll have the votes required.
I won't be voting in favor. My cost average is under the offering price, but this stock was over $10 earlier this year and I believe would get back there sometime next year. The market had this mis-priced for months and DDD took advantage of the weakness.
You were posting every Five minutes jumping up and down that there will be a dividend, you were also jumping up and down about the Three law firms, etc. Now it seems that you finally realized the reality of the situation. I hope you did not cause anyone any loss. Don't you think that it would be proper and classy to apologize?
Thank you for voting. Your instructions have been received and recorded for:
Meeting to be held on Tuesday, January 6, 2015
For Shareholders of record as of Monday, December 1, 2014
No surprise here, the character that was jumping up and down and posting every Five minutes screaming that there will be a dividend should at least learn and if he has any class apologize!