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He has voting control of the company. Literally everyone but him can vote against it and it will still pass.

• morgante 11y ago
  Good point. Though I suspect others will go along as well.
• dump121 11y ago
  But if shareholders are against this move, the prices would have reflected it. They are up 9%, so they agree atleast in short term, or we have enough people who are buying with these terms.