SURPRISE . . .This is what happens when someone sees value in a company. No one saw it coming. If investors had, they would have piled in BEFORE hand. Wherere Was Shlepzer on this one??
HUDBAY may go the same way. Value is just NOT all in share price, but MAN this was awesome!
Best GOLONG
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Eveready Signs Definitive Agreement to Be Acquired by Clean Harbors, Inc.
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| Eveready Inc. (TSX:EIS) is pleased to announce that it has signed a definitive agreement to be acquired by Clean Harbors, Inc. (NYSE:CLH), North America's leading provider of environmental and hazardous waste management services. Under the terms of the agreement, Clean Harbors will acquire 100% of Eveready's outstanding common shares through a combination of cash and stock totaling approximately CAD $11.00 for each Eveready share, based on an agreed upon price for Clean Harbors' common stock of US $48.81 per share and a Canadian/US exchange rate of 0.8263. The total consideration, approximating CAD $202 million, will consist of CAD $3.30 per share in cash and approximately CAD $7.70 per share of Clean Harbors' common stock (a ratio of 0.1304 Clean Harbors shares for each Eveready share). The transaction represents a 217% premium to Eveready's closing trading price of $3.47 on April 28, 2009. |