jerrybe just when you think you hear it all: I don't know what Frontfour's strategy is but one would think that CPG has or still does have the vote before sealing the deal with LEG. So many things can be read into this & possible outcomes but one thing is for certain - LRE has great value & maybe now Frontfour & others are realizing the true value of LEG assets & worth & not to sell at bankruptcy prices because of fear & manipulation of stock market prices.
GREENWICH, CT, June 9, 2015 /CNW/ - FrontFour Master Fund, Ltd., an affiliate of FrontFour Capital Group LLC and FrontFour Capital Corp., announced today its intention to vote against the proposed plan of arrangement involving Legacy Oil + Gas Inc. ("Legacy") and Crescent Point Energy Corp. at the upcoming Annual and Special Meeting of Shareholders of Legacy to be held on June 30, 2015.
FrontFour Portfolio Manager Zachary George commented, "In light of the structure of the transaction and current trading price of Crescent Point shares, we cannot support the plan of arrangement as proposed."
SOURCE FrontFour Group
For further information: Zachary George, Portfolio Manager, FrontFour Capital Group LLC, 35 Mason Street, 4th Floor, Greenwich, CT 06830, 203-274-9050