Posted 2/23/2021 09:02 (#8852729 - in reply to #8851973) Subject: RE: Max Yield/New Coop “unification” study
Kooiker - 2/22/2021 19:54
Illinois Steve - 2/22/2021 08:35 Remember this. You are the owners of these companies. If you truly think a proposed merger is not in the best interests of those who own the companies, get out and work against it. It isn't easy and requires a lot of work but I have seen these mergers be defeated. Find out how a company's members vote their stock and what it takes as a percentage to stop a merger. Then you have a target. The rest it is doing your homework and having your facts straight. Start knocking on doors or making appointments to talk to share holders about why this is a bad idea. It can be done but it isn't easy.
Defeating a merger is like defeating a school bond issue. If they don't get the first one passed, they'll come back with another one.
Both are like playing "whack a mole", they keep popping up faster and faster until they win.
There's one near us that has 'studied' merging with every other coop that even remotely rub elbows with. Doing another one right now, got an update letter yesterday extolling how their visions are so similar. Here we go again.