GREY:PGDIF - Post by User
Comment by
justanormalguyon Aug 06, 2016 2:18pm
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Post# 25116842
RE:RE:RE:RE:RE:RE:MD
RE:RE:RE:RE:RE:RE:MDFor anyone who believes (JK at one point did) that going private is an option for RF/EF, do your research ((CBCA and BC Corporations Act). It's not easy given this current ownership structure. There are a few ways/mechanisms of going private and lots of risks, including litigation, failure to get support, court approval, fairness opinion, open period for subsequent bids, etc. For example, in a Plan of Arrangement, in this case would require the "majority of the minority" approval. Not a likely scenario at all unless the price is too good to be true. Do your research. Just google "going private transaction". Here's an older summary, some things may have changed.
https://mcmillan.ca/Files/189106_Legal%20Framework%20.pdf