Stelios Haji-Ioanou, founder of Stelmar Shipping Ltd. speaks at a meeting of Stelmar shareholders in New York City, November 16, 2004. Shareholders of Stelmar voted Tuesday to reject a $703 million buyout offer from buyout firm Fortress Investment Group LLC. according to a preliminary count of votes. Haji-Ioannou, who owns about 20 percent of the company stock, said he would vote against the bid as it undervalued the company. REUTERS/Mike Segar MS