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Doggy Daycare Corporation is currently in negotiation to acquire its rival company A Cat's Life Inc....

Doggy Daycare Corporation is currently in negotiation to acquire its rival company A Cat's Life Inc. Non-voting shareholders of A Cat's Life Inc. will using the _________ to convert their shares into voting shares that can be tendered in acquisition.

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Doggy Daycare Corporation is currently in negotiation to acquire its rival company A Cat's Life Inc. Non-voting shareholders of A Cat's Life Inc. will using the Coattail provision to convert their shares into voting shares that can be tendered in acquisition.

Actually it is a legal provision allowing the holders of restricted voting or non-voting shares to convert their holdings into superior voting shares when a takeover offer is received by the firm.

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