RE:Private sales Public Market = Open Market, or not? Is there a contradiction here, or not?
DD bot another 130,201 yesterday
| Sep 25/18 | Sep 24/18 | Desmond, Dermot Fachtna | Indirect Ownership | Common Shares | 10 - Acquisition in the public market | 130,201 | |
dabard51 wrote: Y'know, as a >20% holder, DD is prohibited from making open market purchases; he can only acquire shares through rights offerings or private transactions, per Canada Securities Laws. So he had to pay the C$0.40 premium if he wanted that private sale lot of 6.2MM shares. Now the other shares that came through TSE, that's another matter altogether...
see this link:
https://www.osler.com/osler/media/Osler/reports/mergers-acquisitions/Canadian-Public-Company-M-A-Guide-2016.pdf
and this link:
https://www.ibanet.org/Document/Default.aspx?DocumentUid=E3A20FA1-56D5...
DD bot another 130,201 yesterday
| Sep 25/18 | Sep 24/18 | Desmond, Dermot Fachtna | Indirect Ownership | Common Shares | 10 - Acquisition in the public market | 130,201 |
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.mpvd&postid=28692232#ePAWqxCGd5RzTEFj.99