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Bullboard - Stock Discussion Forum Avante Corp V.XX

Alternate Symbol(s):  ALXXF

Consumer Cyclical Personal Services
Avante Corp. is a provider of technology-enabled security services. The Company's activities are conducted through its subsidiary, Avante Security Inc, which offers residential and condominium customers in Toronto and Muskoka, Ontario, through the use of technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and... see more

TSXV:XX - Post Discussion

Avante Corp > Special meeting delayed
View:
Post by Jeff11 on Mar 24, 2022 7:23pm

Special meeting delayed

Re: the news release tonight saying the special meeting is going to be delayed after meeting with 'significant shareholders'. Would anyone be able to expand on what they think this means? I am confused as XX was the one who initiated the strategic review, and also seems to be the one delaying (cancelling?) the SSC deal. Thanks in advance.
Comment by deleuze68 on Mar 24, 2022 11:01pm
I think it's Fairfax. They converted the debt to shares to block the transaction, knowing that Avante could do better.
Comment by Stonksonlyup90 on Mar 25, 2022 12:02am
Maybe Fairfax will take it private
Comment by mlmack on Mar 27, 2022 3:38am
SSC agreed with the delay, maybe Fairfax will do a debenture deal with SSC like they had with XX so SSC could pay the 1.75 in all cash or maybe even up it to 2.00 cash. Maybe they have another buyer lined up or maybe they will take it private. They are in at 1.56 and Fairfax will not lose money on XX. Bought more Friday on the drop.
Avante Corp