Noranda Income Fund Unit T.NIF.UN

special meeting info circulat

[schocor]

So i have downloaded a copy if the management circular for the upcoming special meeting in the buyout. Per the management minuites surrounding the buyout (page 22-25):

get this:
1)Glencore independant directors offered to sell the comoany to glencore at 1.42 on nov 22nd

2)independant  director vote called for and was announced on Nov 24th by the firestyx/dissident shareholders

3)Independant valuation STARTED on Nov 26 and final note to board provided jan 6 of 2023

seems weird how glencore and the independant board  talked sbout this merger for well over a year (per these minuites) but made a binding offer with a break fee TWO DAYS before dissident shareholders tried to take over the board. THEN ordered a valuation. 

Stll alot of pages to read....