OTCPK:MAUXF - Post by User
Post by
dredredre79on Mar 16, 2015 9:46am
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Post# 23524665
$.80 cent buyout news.
$.80 cent buyout news.Pursuant to the Arrangement Agreement, a wholly-owned subsidiary of Midwestern will acquire all of the issued and outstanding common shares of Mart by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"), including the assumption of all outstanding bank debt of Mart (currently, approximately US$200 million), and each Mart shareholder will receive CDN$0.80 in exchange for each Mart common share held (the "Cash Consideration").
Read more at https://www.stockhouse.com/news/press-releases/2015/03/16/mart-enters-definitive-arrangement-agreement-with-midwestern#2XsZ8L1gAO6XM1zb.99