".. if 7.5% agree to dissent then the merger is dead"
Under the CBCA, dissenting shareholders on the Special Resolution are allowed to ask that their shares be bought back by the Corporation at the then value of the shares. The KWG-SPQ Agreement provides that the Merger is conditional that there are no more than 7,5% dissenting shareholders on the Special Resolution, i.e. they don't want to buy back more than that amount. My comprehension. This condition may be waived, however.
GLTA.
BaBe.