OTCPK:TLSMF - Post by User
Comment by
99999goldon Dec 15, 2014 8:51pm
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Post# 23233614
RE:Timeline
RE:TimelinePiperdown wrote:
Is this correct how this the IIROC standards and market securities rules are:
1. If Repsol has made an official bid, doesn't it have to be announced and open for shareholders to vote on. Or can the management team and board turn it down??
2. This will be halted tomorrow before the bell to allow for Talisman to announce the official takeover bid.
pipe
from experience and from general market practice if the board and management agrees to the takeout price both companies will announce a deal has been made.
obviously if it's announce before market opens there's no need to halt unless the i's are being dotted and the t's being crossed on the press release.