Arnhold LLC's Firm Stance Against Ocean Wilsons Combination Vote
Arnhold LLC's Response to Ocean Wilsons Holdings Limited
Arnhold LLC has firmly countered the claims made by Ocean Wilsons Holdings Limited regarding their proposed all-share combination with Hansa Investment Company Limited. The investment manager, representing significant ownership of Ocean Wilsons shares, emphasizes that they stand by their previous communications with shareholders, specifically the letter issued in late August.
Concerns Over Proposed Combination
The organization feels that this proposed merger is fundamentally flawed. They argue that it unfairly impacts the public shareholders of Ocean Wilsons, a sentiment strongly reiterated in the recent letter addressed to fellow shareholders. Arnhold LLC asserts that shareholders should carefully consider all relevant information before making a voting decision at the upcoming Scheme Meeting.
Why the Opposition?
According to Arnhold LLC, the assertions made in Ocean Wilsons' response attempt to divert attention from the perceived injustices associated with the merger. They maintain that the proposed combination could result in a substantial decline in value for their shareholders, urging them to critically evaluate the viability and implications of the merger.
Call to Action for Shareholders
Arnhold LLC underscores the importance of shareholder participation, encouraging individuals to take an active interest in understanding the full scope of the merger. This includes reviewing independent recommendations from proxy advisory firms, which offer insights based on thorough analyses of similar situations.
Arnhold's Invitation for Dialogue
The investment firm expresses its willingness to engage in broader discussions with Ocean Wilsons shareholders. They are open to answering any questions or concerns that may arise from their communication, fostering a collaborative atmosphere among interested parties.
Key Takeaways from Arnhold's Open Letter
The letter highlights several key points regarding the merger:
- The combination is considered deeply flawed.
- Shareholders are urged to research and consider independent advice.
- Participation in the upcoming vote is crucial to safeguard shareholder value.
- Arnhold remains resolute in their opposition to the combination.
- Open channels of communication for dialogue are encouraged.
Frequent Communication is Essential
Communication is essential in times of potential upheaval and change within a company. Arnhold LLC encourages all shareholders to engage actively and stay informed. Their emphasis on transparency reflects a commitment to the best interests of all stakeholders involved.
Frequently Asked Questions
What is Arnhold LLC's position on the proposed merger?
Arnhold LLC opposes the merger due to concerns over fairness for Ocean Wilsons shareholders.
When is the Scheme Meeting for the vote?
The Scheme Meeting is scheduled for a date in September, where shareholders will cast their votes on the merger.
Why do they believe the merger is flawed?
They argue that the merger could lead to a decrease in shareholder value, citing potential unfair implications.
What should shareholders do before voting?
Shareholders are encouraged to research the merger details and consider advice from independent proxy advisory firms.
Who can shareholders contact for more information?
Shareholders can reach out to Ren Richmond at Arnhold LLC for further discussions and clarifications.
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