Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:Regulatory Approval of Midstream Sale

[mrbb]

All moot point right now.  Soon hse market cap would worth the price received for selling 65% midestream.   

Since you don't like my analogy here is a real situation. Take IPL for example, it was later learned (not from IPL management) that in August 2019,  LKS made a $30 offer to buy IPL.  IPL shot up to $25's but now it is trading at $5's. IPL management turned down the takeover offer without any vote at all, nor disclosing the bidder entity. We don't see IPL shareholders suing IPL for not putting LKS's $30 bid to a vote, IPL example is way more significant than hse selling a small piece of asset to LKS without a vote. 

 

Scottie99 wrote: Read MI 61-101 carefully, it is for the protection of minority shareholders in special transactions connected with insiders and related parties. It requires voting by minority shareholders and minority approval is given when a simple majority of the minority shareholders approve the transaction tabled by the Board in a special shareholder meeting.

Did you vote for the transaction? Did the company get a minority approval in compliance with MI 61-101? Did you see the regulatory approval? Which regulator gave the approval? Go figure!
 

RagingBull3 wrote: "The Company has received $1.7 billion in cash proceeds from the transaction, which will be applied to strengthening the balance sheet. The transaction received regulatory approval earlier this month."

https://huskyenergy.com/news/release.asp?release_id=981296