71 percent ownership by institutions. Therefore, it would seem that MWE's future is dependent on THEIR vote, not us small investors. If there is no or little premium, with the possibility of another suitor, or allowing MWE to continue operating independently with a richer yield, why WOULDN'T institutions vote "NO?" It would seem in their interest to vote "no."
Same question - I see there is an upcoming earnings report to be made near August 7. If not for the takeover,
the next distribution would be made about this time. I wonder if there will be one last distribution for those of us
who still may be around to turn off the lights.
So if the deal is so bad, will not most MWE shareholders vote no, and will their votes outweigh those of management? How does Mrktwtch come up with a $78 price in conversion if the share price of MPLX has
dropped so much from that price and when a MWE shareholder's shares are converted, that price becomes $78? I don't see where it is specified that a MWE share is suddenly worth $78. The agreement as I understand it says 1.09 shares for each share plus the few dollars per share. Huge drop in yield after the conversion into
MPLX stock.For that lower yield, I'd rather go with MMP, ETE, or EPD.