Takeover or no Takeover???FACT:Possible sale of Company
MRP’s news released February 22, 2012
We (MRP) are pleased to announce that, in response to an unsolicited expression of interest in Mira, its Board of Directors has initiated a process to identify, examine and consider a range of strategic alternatives available to Mira, with a view to maximizing shareholder value. This process could result in a sale of the Corporation.
About a Takeovers:
Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves shareholders better than rejecting it, it recommends the offer be accepted by the shareholders.
My conclusion:
So we know that there is an interest from another company and MRP publicly advised us on February 22, 2012 (Very Clear). At this point we (Shareholders) are under the assumption that all legal procedures/disclosures are taking place to satisfy the interested company (Ghost company) to be able to make an offer. I also would have to believe that a stop from insiders to buy publicly; needs to happen during this process to abide by Canadian Securities Law (I could be wrong).
Takeover or no Takeover???
I guess we wait…