TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Oct 25, 2020 12:09pm
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Post# 31778297
RE:RE:RE:Shouldn't Preferreds be Redeemed for $25????
RE:RE:RE:Shouldn't Preferreds be Redeemed for $25????"
or any other distribution of assets of Husky among its shareholders for the purpose of winding up its affairs," Husky will no longer exist. It's assets are being distributed in the form of Cenovus shares.
In your words, "Husky is being acqired by Cenovus". So, basically Husky is being sold to Cenovus. It's winding up it's affairs and will no longer exist.
borne2run wrote: RB, sorry to disappoint you, but that interpretation is wrong.
Husky is being acquired by Cenovus, the company is not being liquidated.
BIG Difference.
Some companies issue pref shares that must be redeemed under a merger / acquisition scenario.
Husky's prefs have no such terms and conditions.