TSX:HSE.PR.B - Post by User
Post by
RagingBull3on Oct 27, 2020 11:44am
155 Views
Post# 31788394
Why all the Fuss
Why all the Fuss"In addition, Husky will also seek the approval of at least two-thirds of the votes cast by holders of outstanding Husky preferred shares voting together as a single class. If Husky preferred shareholder approval is obtained, each Husky preferred share will be exchanged for one Cenovus preferred share with substantially the same commercial terms and conditions as the Husky preferred shares. The transaction is not conditional on Husky preferred shareholder approval and, if not obtained, the Husky preferred shares will remain outstanding in a subsidiary of the combined company."
They implying TERMS will Change or otherwise they will be put into a "Subsidiary"... who knows what that means and it's implications!! Sounds like Preferreds rights and benefits and liquidity maybe be eroded. Kind of sound like a threat to me. Convert or otherwise.
Not to mention Terms of the Preferreds require them to be redeemed for $25.
Just all my opinion and view.