RE:RE:RE:RE:RE:Minority shareholder perspective even the governement is screwing us shareholder
All three of SiriusXM Canada's largest Canadian shareholders, Canadian Broadcasting Corporation ("CBC"), Slaight Communications, Inc. ("Slaight Communications") and Obelysk Media Inc. ("Obelysk Media"), are supportive of the Recapitalization. CBC has indicated it intends to vote for and elect to sell 100% of its shares into the Offer (for the same consideration as the public Offer). Following the closing of the Recapitalization, the Company will continue to operate under Canadian voting ownership, in compliance with the Canadian ownership rules.Slaight Communications and Obelysk Media are committing to voting for the Offer and selling 89% and 87% of their shares respectively into the Offer (for the same consideration as the public Offer). Upon completion of the transaction, both Slaight Communications and Obelysk Media will each own 33.5% of the voting shares of SiriusXM Canada for a combined total of 67%, and 15% each, or 30% combined, of the equity in the recapitalized business, with SiriusXM owning the balance of votes and equity. While CBC will cease to be a shareholder in SiriusXM Canada following the transaction, it will continue to support the Company as a programming partner.
THE CBC DONT CARE , ITS NOT THEIR MONEY ITS TAXPAYER MONEY what a f u cki ng fraud.
I have never seen this in my life.