OTCPK:ARNBF - Post by User
Comment by
teeveeon Jul 24, 2014 2:41pm
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Post# 22779154
RE:RE:RE:new plan of arrangement
RE:RE:RE:new plan of arrangementThompsonRob007 wrote: Teevee:
Does CPG or LTS own shares in Arcan? I know they announced to the market when they bought the shares? Do they have to report to the market if they sell any/all of the Arcan shares?
CPG and LTS own about 38% of the shares, and yes, if they sell any, they have to report as an insider. I didn't attend the annual meeting, but heard a rep from LTS stood up and screamed he would vote against this deal....we shall see IF shareholders along with CPG and LTS vote this deal down. I too am unsure if ARN can redeem early with stock, however, it is 100% certain that ARN may redeem with stock when debentures come due, and that would be ugly for all concerned-LTS, CPG, shareholders and debenture holders. For those who haven't already hit the exits, I can't imagine the deal won't pass.