GREY:AIIFF - Post by User
Post by
nuveux13on Jul 04, 2011 6:58am
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Post# 18792008
Superb for BAM, ROTTEN for Shareholders
Superb for BAM, ROTTEN for Shareholdershttps://www.marketwatch.com/story/armtec-infrastructure-inc-enters-into-a-committed-financing-with-brookfield-2011-07-03-1847180?reflink=MW_news_stmp
Armtec has granted Brookfield a warrant to acquire approximately 4.56 million common shares of Armtec (representing approximately 15% of the number of currently outstanding common shares calculated on a fully diluted basis) at an exercise price which has a premium of 25% to the current market price of the common shares, subject to regulatory approval.
ARF SP 6/30 = 3.44*1.25 =$4.30. Superb deal for BAM, ROTTEN DEAL for ARF shareholders