Quote:
Originally Posted by GP_Matt
The reason I ask is because a lot of the employees are shareholders who might turn down profits if they are worried their job is in danger. The bigger shareholders are likely in management and associate positions.
I have no idea of the scale though and as I calculate it in my head I can see that they wouldn't have nearly enough weight to sway the vote.
Carry on.
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The statement was they weren't closing any stores, but who knows.
In terms of them blocking it, you're right they wouldn't own enough shares. This site:
http://www.answers.com/topic/shopper...rt-corporation suggested 53,000 employees. If the employees owned the 50% of the stock needed to block the merger, that would be about $117,000 per person, which is probably much too high for the vast majority of them. Some of the managers/franchise owners may have that much or more, but the average wouldn't be nearly that high.