Nellore Capital, the largest shareholder of Subordinate Voting Shares with 1.2mm and 9.99% of the shares, opposes Thoma Bravo's proposed acquisition of Magnet Forensics
Nellore owns 1,199,950 subordinate voting shares of Magnet Forensics Inc. ("Magnet" or "MAGT").
- Nellore owns 1,199,950 subordinate voting shares of Magnet Forensics Inc. ("Magnet" or "MAGT").
- Unfortunately, we, the Subordinate Voting shareholders, only have the power to block the current deal, not fill in the ballot for our preferred structure.
- The transaction requires approval from a simple majority (50% + 1) of the subordinate voting shares, excluding the 368,522 shares held by Adam and Jad.
- Therefore, Jim should want the same thing as subordinate voting shareholders: the best financial outcome for his own shares.