> If a stock buyback only buys voting shares and the price of shares in that class rises, such that the difference in prices of the share classes is greater than the value of voting rights, then an arbitrage opportunity exists.
I'd say the opposite is true. It's more likely non-voting share prices will crash because it's now clear to the market that voting rights are worth quite a lot given that they can be used to steal money from non-voting shares.
I'd say the opposite is true. It's more likely non-voting share prices will crash because it's now clear to the market that voting rights are worth quite a lot given that they can be used to steal money from non-voting shares.