GREY:FBKZF - Post by User
Comment by
AIGswapon Dec 13, 2011 11:24am
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Post# 19317062
RE: RE: RE: FBK - Abusive offer by major sharehold
RE: RE: RE: FBK - Abusive offer by major shareholdNo, read the lock-ups attached to ABH's 8K. These are hard lock-ups and prevent the tendering into a superior bid: "Under the Lock-up Agreements... the Locked-up Shareholders have no ability to withdraw any Fibrek Common Shares to tender to or facilitate any competing transaction."
FBK could try to get the OSC to amend these to soft lock-ups (given the collateral benefit for ABH) and then run a sale process. I believe it's more likely that they negociate a friendly deal with a
.10 bump.