Concern "Pursuant to the Arrangement, Spinco will also be issued royalty preferred shares in the capital of Resverlogix which will provide Spinco with a dividend equal to 6 to 12% of "Net Apo Revenue" as described in the information circular.
As part of the Arrangement, Resverlogix will transfer to Spinco all of the indebtedness of RVX Therapeutics owing to Resverlogix. Resverlogix will also transfer between $5 and $10 million of cash to provide for the initial capitalization of Spinco."
My concern is that it's all about the Spinco and the preservation of management. There better be a lot more for the current long term shareholders. A paltry $10/share buyout is not enough.