OTCPK:GBGPF - Post by User
Comment by
Extallioneson Jan 03, 2018 5:45pm
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Post# 27274805
RE:Acb takeover
RE:Acb takeoverThey can't acquire more than 5% of CMED's outstanding shares on the open market - on top of the locked up shareholders, that is. So, yes, they will have about 41% of CMED's votes come voting day. However, that number changes drastically if the HIP acquisition goes through. In that case, ACB would only hold 41% of current CMED shareholders' approximately 64.5% of shares in the merged CMED/HIP entity, which would amount to about 26.5% of the overall vote.
The ACB takeover hinges on what happens with the HIP acquisition in the next few weeks.