RE:RE:RE:RE:RE:What happens if it trades over $12?Thanks, I sent my broker a letter and referenced p,16 section 5 to withdraw the offer.
dileas48s wrote: The following is a transcription of the package I received:
5. Withdrawal Rights
Except as otherwise provided in the Section, tenders of Units pursuant to the Offer will be irrevocable. Units tenderered pursuant ot the Offer may be withdrawn by the Unitholder:
(a) at any time prior to the Expiration Time (b) at an time if the Units have not been taken up by our Company before actual receipt by the Depositoary of a notice of withdrawal in respect of such Units
. blah..blah...blah........this goes up to (e)
highlight is mine. I think this is pretty clear, you have the right to withdraw your offer any time prior to the Expiration Time, and the rest of the points (c-->e) also include other conditions after the expiration time, but they are very specific, and if you wait that long........
send me a PM if you want additional information.
~dileas
wheeloffortune wrote: It says on the last sentence of p12 of the offer, "An exercise of a Unit Option cannot be revoked even if the Units received upon exercise thereof and tendered in the Offer are not purchased in the Offer for any reason." I tendered 2/3rds of my shares. I asked my broker how to rescind it and he doesn't think it can be done. I'm not with Scotiabank. Can you show me what Scotia sent saying it could be rescinded and what's the process?
dileas48s wrote: There is a process to rescind your tender offer by a certain date. Close to the deadline or so I believe. The documents I received from Scotiabank clearly described a tender date, rescind date and the transaction date.
You absolutely can cancel your tender offer as of this moment.
wheeloffortune wrote: You can't cancel your tender acceptance. It's a legally binding contract that you signed. Did you sell it all or only half?
thenewsnake wrote:
Do people cancel their tender, and they reoffer and $13?