RE:Arb GapIn light of the woeful state of the sector and that larger is now preferable to smaller in terms of survival, I'd be surprised if shareholders of either company would be in favour of rejecting the deal. With this in mind, the upcoming meeting in Dec will likely confirm that the deal will close under the present terms in mid Jan at which point, the spread should immediately close. So tax loss sales could be interesting because as everyone knows, if you declare a capital loss, you have a 30 day wait before you can get back in so if you leave it too late, you could miss the closing of the spread. GLTA
Origin House expects to hold a second meeting (the "Meeting") of its shareholders to approve the Arrangement, as amended, and it is expected that the Meeting will be held in late December, 2019. Assuming satisfaction or waiver of all closing conditions, it is expected that the Arrangement will close by the middle of January, 2020. Additional details concerning the Arrangement, including the Amendment, will be contained in the management information circular to be sent to Origin House shareholders in connection with the Meeting. The Board of Directors of Origin House unanimously recommends that Origin House shareholders vote in favor of the resolution to approve the Arrangement, as amended.