Wonder how this is possible when not every shareholder was able to vote.
https://www.citrix.com/news/announcements/apr-2022/citrix-shareholders-approve-acquisition.html
6 replies (most recent on top)
Next step, Citrix must now consolidate and settle (out of court) all the investor class action cases. This process will take several months, and cost $ millions. Some large institutional investors may also demand compensation separate from a class action. That may further delay the closing of the deal to go private.
I voted against but it was already fixed for approval!
Who didn't get the information? I received mine several ways - through Fidelity and through Citrix. I also got a call about casting my shares as well.
Not everything is a conspiracy theory, and it wasn't like there was a doubt this was going to pass. Why wouldn't it? Take the $104.00 and move on. That's the highest price there was going to be for a long time.
"Not able" in the sense of NOT getting the appropriate information and invite to be able to submit your vote, is something different then having the invite en not going to vote.
In the first case this should be investigated if people where "withholded" from being able to vote and the current result should be invalid.
All shareholders were able to vote, just many didn't, which is normal.
All you need is 1 share over %50 for it to pass. They had that in the bag before this whole process started or they would not have started it.