GREY:ANGZF - Post by User
Post by
gilllison Oct 15, 2013 4:33pm
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Post# 21817899
NGL bought by BXE
NGL bought by BXE
the cash offer of 3.85$ is based on a BXE price of 8$ (the set price for the nex equity financing announced today). But the offer gives a choice between cash and shares of BXE and on the long run, shareholders may be better off taking the shares offer:
Under the terms of the Arrangement, Angle shareholders will receive, at their election, for each Angle Common Share held, either: (i) $3.85 in cash; or (ii) 0.4734 of a Bellatrix common share
Read more at
https://www.stockhouse.com/news/press-releases/2013/10/15/angle-energy-announces-business-combination-with-bellatrix-exploration-ltd#AMcFd01qEJcAkWk1.99