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Voyageur Signs Letter of Intent with Large Multinational Pharmaceutical Company (click to learn more)
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IMVESCOR RESTAURANT GROUP INC. T.IRG

Consumer Cyclical Restaurants
"Imvescor Restaurant Group Inc is a franchise business that operates restaurants under the brand names of Pizza Delight, Toujours Mikes, Scores, Bâton Rouge and Ben and Florentine and licenses the right to manufacture and sell prepared food products."


TSX:IRG - Post by User

IMVESCOR RESTAURANT GROUP INC.
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Comment by Finantialon Feb 26, 2012 4:07pm
434 Views
Post# 19587799

RE: RE: RE: RE: One of two possibilities for today

RE: RE: RE: RE: One of two possibilities for today

It is my understanding that the one year is that Fairfax cannot sell any shares for one year.  Also Fairfax cannot buy out Imvescor without the minority consent of shareholders. Therefore Fairfax could buy-out Imvescor.  From the Management Information Circular of March 9, 2012 page 15, the CEO  has received January 19, 2012, 1,750,000 option shares under the terms of "Termination and Change of Control Benefits".   Is there a liaison between this and the trade of Feb. 8?

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