GREY:HRIVF - Post by User
Comment by
SergeBruneton Jul 18, 2012 11:41am
265 Views
Post# 20126077
RE: RE: Borrowing
RE: RE: Borrowing Oh... forgot to add, what a farce is this announcement of the formation of this 'Special Committee'. You bet I will not take any action...
The board of directors of the Company has established a special committee of independent directors (the "Special Committee") to consider the Offer, alternatives to the Offer, and engage a financial advisor to prepare the formal valuation of High River in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Special Committee is comprised of Alexey Khudyakov (Chair), Andrew Matthews and Karl Glackmeyer. The Special Committee intends to ensure the shareholders of the Company receive the maximum value for their Common Shares and will advise shareholders of its progress in that regard, as appropriate. High River advises shareholders not to take any action with respect to the Offer until they have received further communication from the board of directors of the Company.
Maybe a miracle will happen and they will hire someone with integrity to actually properly value the company (including its stake in Prognoz...).
SB