Veresen Inc. T.VSN.DB.B

Veresen to delist from TSX Oct. 4

[gaston99]

 

Veresen to delist from TSX Oct. 4

 

2017-10-03 19:26 ET - Shares Delisted from TSX

 

The Toronto Stock Exchange reports that Veresen Inc.'s common shares (VSN) and preferred shares (VSN.PR.A, VSN.PR.C and VSN.PR.E) will be delisted at the close on Oct. 4, 2017. According to the TSX, Pembina Pipeline Corp. has acquired all of the issued and outstanding shares of Veresen.

Under the arrangement, the holders of Veresen shares are entitled to receive, in respect of each Veresen share, either: (i) $18.65 per share in cash; or (ii) 0.4287 of a Pembina common share, subject to proration. In addition, each series of Veresen's cumulative redeemable preferred shares will be replaced with an equivalent series of preferred shares of Pembina on a 1:1 basis.

For more information, see Veresen's management information circular dated June 5, 2017, available on SEDAR. See also today's TSX bulletin regarding the substitutional listing of Pembina preferred shares to replace the Veresen preferred shares.

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[sunielp5]

Does that mean we get the cash /shares at the end of day Oct 4th

[scarface9]

I checked my account and have received my combination of PPL shares and cash

[jsiutra]

Checked my iTrade account this morning and my VSN shares were replaced by PPL shares!