Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:RE:Preferred Shares - Clarification

[mrbb]

my guess is CVS won't come to the table and negotiate unless they see a NO vote.

Number13 wrote: Yes, it isnt great, but it appears they can do it. However, they'd still have to pay the dividend, and they couldn't outright drain the shell company, as that would result in a lawsuit for unjust enrichment, fraudulent conveyance, etc.

Its a stand off. The pref holders can stop the merger, and Cenovus can create a shell, but to do so would create REAL headaches for them. Would Cenovus be better to offer the pref holders a 20% bonus and get a YES vote, probably. Would it be worth it from Cenovus' point of view to pay all the pref holders $25, maybe not. Would it best for everyone to come to a compromise? Yep. And that's exactly what happened with Lowe's/Rona.

So essenitally there is lots of upside for the pref holders. I'm voting NO until I see a better deal. It's something like mutually assured destruction. And I want more money.