TSX:AAR.UN - Post by User
Post by
radar17on Jan 09, 2018 11:34am
237 Views
Post# 27313711
Competing bids are a possibility
Competing bids are a possibility
(but unlikey I'd say)
"The Arrangement Agreement provides for, among other things, customary representations, warranties and covenants, including customary non-solicitation covenants from PIRET and a "fiduciary out" that allows the Board of Trustees to accept a superior proposal in certain circumstances, subject to a "right to match" in favour of Blackstone and payment of a $77 million termination fee to Blackstone."
I'll hold till the deal closes and collect a few more divvies..