RE:RE:RE:Clarification from RBC, if you don't tender "Option 7"Yes, it really looks like it's nothing more than a finer or more detailed breakdown of the same options according to whether you are a Canadian, American, or Foreign shareholder.
Interesting to note that the Corporate Action Notice from TD has a third option which is the so-called Share & Cash Option which apparently is supposed to allow the shareholder to specify any combination of shares and cash (subject to the $140M cap proration of course) which they would like to apply to each of the 2 options. This third Share & Cash Option would appear to line up with what is listed as the option choices on both the Aurora and CMED documents.
In reality though, I am not sure if TD is allowing you to select this third option when you call in to tender your shares. I imagine it would be an absolute nightmare to do the final proration if all shareholders decided to select all different combinations. LOL
I noticed the Corporate Action Notice also states in Bold Underlined Capital Letters the following sentence:
SHAREHOLDERS WHO DO NOT WISH TO TENDER THEIR SHARES TO THIS OFFER NEED NOT SUBMIT INSTRUCTIONS. Yes indeed, almost appears to be a double negative in terms of not directly saying that the Default selection is if you do not contact them to tender your shares which means you are really NOT accepting the Aurora takeover of CMED.
MartialArts wrote:
I don't think the interpretations are different. RBC is simply providing different options for 1 and 2 for each of its customer type. If you look options 1,3,5 are the same. Options 2,4,5 are the same.
The "stay with CanniMed shares" if you don't tender, Option 7, is in the SEDAR filing. Just real deep and unclear. They probably received a lot of calls on this because frankly, it was confusing for the average investor.