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Hello Tutor, For PYQ Sept/Dec 2015, Q3 Flufftort Co
Can you explain it to me for below sentence in a more clear way as I don’t understand what it’s referring to?
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“This may be a greater concern than the board collectively losing control over the company, since it may be unlikely that the other shareholder will combine to outvote the board”Thanks in advance.
It is referring to the previous sentence. If they do not make extra investment in the company then their % shareholding will reduce.
What is the mean of outvote? objection? In this sentence mean other shareholders may not object the refinancing proposal?
Thank you.
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