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Chindata (CD US): Maximum Dissent Condition in Focus as Oasis Builds a Stake

1.1k Views05 Nov 2023 13:20
The shares are above terms. The max dissent condition is likely to be breached. Precedent transactions suggest Bain will waive the condition or persuade sufficient holders to withdraw as dissenters.
Boomeranged on Tue, 5 Dec 2023 08:02
The transaction received shareholder approval. Dissenting shareholders represent 22.79% of outstanding shares vs. the requirement of less than 12% of outstanding shares. Precedent transactions suggest that Bain waives the condition (Chindata has requested this) or persuades sufficient shareholders to withdraw as dissenters. At the last close, the gross spread was 2.0%.
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