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Superior Plus Corp T.SPB

Alternate Symbol(s):  SUUIF

Utilities Utilities - Regulated Gas
Superior Plus Corp. is a Canada-based distributor of propane, compressed natural gas, renewable energy and related products and services. Through its primary businesses, propane distribution and CNG, RNG and hydrogen distribution, it delivers clean burning fuels to residential, commercial, utility, agricultural and industrial customers. Its segments include U.S. Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane) and Certarus Ltd. (Certarus). The U.S. Propane segment distributes propane gas and liquid fuels primarily in the Eastern United States and California, as well as the Midwest to residential and commercial customers. The Canadian Propane segment distributes propane gas and liquid fuels across Canada to residential and commercial customers. The Wholesale Propane segment distributes propane gas and other natural gas liquids across Canada and the United States.


TSX:SPB - Post by User

Superior Plus Corp
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Post by Rocet98on Jul 24, 2024 1:45pm
97 Views
Post# 36146499

BAM 2020 what are they going to do now??

BAM 2020 what are they going to do now??In 2020 they did a bought deal!
On July 13, Brookfield Asset Management (BAM) invested US$260 million (~$350 million) in 7.25% convertible preferred equities. This represents ~15% of pro forma fully diluted outstanding share count. The option is already in-the-money as the conversion price is $11.63 vs. $12.17 current stock price. Superior can force-convert Brookfield after 3 years if the stock price trades above 145% of the conversion price for 30 days consecutively. Brookfield also gets one board seat.

Question is what are they going to do now???
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