GB Group Ord Shs GBGPF

GB Group plc is a United Kingdom-based company, which provides identity data intelligence products and services helping organizations recognize and verify all elements of an individual's identity at key interactions in their business processes. The Company's segments include location, identity and fraud. The location segment includes address lookup, verification and capture; e-mail validation; phone verification, and data maintenance services. The identity segment includes document verification, data verification and identity investigation services. Its identity verification solutions can be configured to carry out a wide range of functions, including know your customer checks, anti-money laundering checks, age verification checks and liveness detection. The fraud segment includes transaction fraud monitoring, combating origination fraud and in-life fraud investigation services. It provides artificial intelligence powered screening for automatic onboarding or referral of customers.

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GB Group Ord Shs > March 6th is the target get for March 9th

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Comment by longonMJon Feb 26, 2018 11:23pm

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Post# 27625745

RE:RE:RE:March 6th is the target get for March 9th

MA: Can you please post a scan or link to this clarification that you received from RBC?

I am with TD and I have not received anything at all with respect to any revisions to their original set of 3 options list yet.

MartialArts wrote:
RBC has sent their clients a clarification today. They now list 7 options. The basic options are the same:

1. Option 1 - All shares 3.4 ACB per 1 CMED
2. Option 2 - Cash $43 per share prorated to shares at $12.86 per share once the total $140M is hit which it will be.

There are options 3,4,5,6 for foreign and US holders and now option 7 which is do nothing which is now clearly stipulated as the default, don't tender.

The important thing to note is option 1 is NOT the default. Option 7 is. What that means is once ACB controls CMED via it's majority and board, it can do what it wants to those who have not tendered. And once the Improved Offer Take-up date arrives or is accelerated or extended, it's gone.