OTCPK:MAUXF - Post by User
Comment by
Shlinker_on Oct 27, 2015 3:15pm
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Post# 24231592
RE:RE:RE:Get ready
RE:RE:RE:Get ready Catalyst trader. Are you willing to pick up the phone and chat with me?
You just made your profile on October 21.
Delta intends to use a combination of cash on hand and the bank financing to fund the Cash Consideration. Delta is in the process of arranging bank financing with a pre-eminent global financial institution and accordingly, the Arrangement is subject to a financing condition (the "Financing Condition"). Delta has agreed to use reasonable commercial efforts to satisfy the Financing Condition and to keep Mart informed as to the status and timing of the satisfaction of the Financing Condition. Mart and Delta may terminate the Arrangement Agreement on November 10, 2015 in the event that Mart and Delta reasonably conclude, after consultation with each other that the Financing Condition will not be met by the outside date of January 15, 2016.