OTCPK:STVMF - Post by User
Post by
hsyxuon Mar 17, 2017 4:26pm
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Post# 25995634
Significant Risks to Waiver of Minimum Condition
Significant Risks to Waiver of Minimum Condition Taken from Yahoo Finance:
Significant Risks to Waiver of Minimum Condition
"....On March 13, 2017, Total filed a notice of variation (the "Notice of Variation") pursuant to which it waived the minimum tender condition of the Total Offer such that the Total Offer will require only the tender of more than 50% of the outstanding Savanna Shares (excluding those owned by Total or any person acting jointly or in concert with Total). The waiver of the minimum condition introduces significant risks to Savanna's stability and ongoing operations, and to shareholder value and to the resulting position of Savanna shareholders. It also casts significant doubt on the ability of Total to immediately deliver what it purports to be able to contribute to Savanna....."
Please read the entire article on Yahoo Finance to get the full impact of this.