Post by
dreaddogs on Apr 13, 2017 3:07pm
even company said it worth .29 cents per share... in NR
The Board and the Special Committee also retained Origin Merchant Partners in connection with the Transaction. Origin Merchant Partners has provided opinions to the Board and Special Committee that, subject to the assumptions and limitations described therein and as at the date of such opinion, the (i) consideration to be received by Mood Media shareholders (other than Arbiter) pursuant to the Share Acquisition is fair, from a financial point of view, to such shareholders, (ii) consideration to be received by holders of Senior Unsecured Notes is fair, from a financial point of view, to such noteholders (other than the investment funds affiliated with Apollo and GSO, respectively); and (iii) Transaction is fair, from a financial point of view, to the Company. Origin Merchant Partners was also retained by the Special Committee to provide, under the supervision of the Special Committee, an independent formal valuation prepared in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, and has concluded that, subject to the assumptions and limitations described in its written valuation, as at April 12, 2017, the fair market value of a common share of Mood Media is in the range of nil to C$0.29 per share.