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Emmis Communications Corp. Message Board

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  • longtimefollower longtimefollower Dec 4, 2011 3:18 AM Flag


    You hold preferred shares, apparently?

    It is interesting the way the effect of some of the disclosures may very well be that the preferred holders are "scared" into tendering to Emmis. But I'm sure they would say that the disclosures simply represent the appropriate cautions they need to give to holder...that control of 2/3 of the preferred, by the company, equals the legal right to vote those shares for the greater good of the company as a whole (including the common stockholder).

    Are you aware of any legal precedents in this area?

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