TSXV:FCO.H - Post by User
Comment by
17Diggeron Jul 11, 2019 5:00pm
115 Views
Post# 29910595
RE:Something to look at ECS
RE:Something to look at ECSHere is the gist if the ICS weak nod of approval to the merger offer.
Essentially they are saying you were offered about a penny over market price and it is not illegal in the way the offer was handled.
The full quote of their paragraph is below but to me it shows just how weak a offer it is. ISS concluded "In light of the 5.9% premium, shareholders continuing to participate in any value increase associated with eCobalt's projects, through their ownership of Jervois Shares, the process to implement the eCobalt Arrangement appearing to be procedurally fair and the terms of the arrangement agreement allow the eCobalt Board to consider and respond to unsolicited proposals, shareholder approval of this resolution is warranted."
xxxxxxxxxx