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Nordex Explosives Ltd V.NXX

"Nordex Explosives Ltd is engaged in development, manufacturing and resale of explosives products in Canada."


TSXV:NXX - Post by User

Comment by asnetson Jun 15, 2016 9:12am
158 Views
Post# 24966637

RE:RE:Takeover

RE:RE:Takeover
Ok, just read further into this and see a second transaction for $0.15/share.

The second transaction that is the subject of the Binding Letter is a going private transaction (the "Going Private Transaction"). EPC and Nordex propose to enter into a definitive agreement (the "Going Private Agreement") pursuant to which the parties would complete a transaction as a result of which all of the current holders of Common Shares (other than EPC) would receive $0.15 per share and EPC would become the sole shareholder of Nordex.

https://www.theglobeandmail.com/feeds/press-releases/marketwire-canada/?pr=600-201606150820CCNMATHWCANPRNUS_1059045001-1

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