GREY:CHTYF - Post by User
Comment by
Sleddawg63on Sep 26, 2018 10:05pm
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Post# 28698000
RE:RE:RE:RE:0.03
RE:RE:RE:RE:0.03I am certainly not a business lawyer, but this is what the news release said.
The Board of Directors of Prairie Provident and Marquee have both unanimously approved the Acquisition and have received verbal fairness opinions from their respective financial advisors, Cormark Securities Inc. and GMP FirstEnergy. The Arrangement remains subject to customary closing conditions including receipt of applicable court, Marquee shareholder, TSX, and other regulatory approvals, and is expected to close on or about November 15, 2018.
Court and regulatory approvals I'm guessing would be rubber stamps. What pushback would there be from MQX shareholders? They would be getting a premium for saying yes. Are there even enough shares out there to make a serious challenge?