TSX:HSE.PR.B - Post by User
Post by
RagingBull3on Nov 17, 2020 8:12pm
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Post# 31919580
What's the Point of the Vote by Preferreds???
What's the Point of the Vote by Preferreds???"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."
Sure sounds like company asking a vote on the transaction yet at the same time saying it does not matter the transaction will proceed.
So, ya, it's only a vote to break the current agreement with the preferreds and to either convert to Cenovus Preferreds or be put into a "subsidary" which they are claiming is "Husky" even though there will be no commons, and Preferreds will not be "Running" the company.
All just my opinion.....
It just keeps getting more stupid when you think about it more and more.
Just all my opinion.