TSX:SOT.DB - Post by User
Comment by
pennylane101on Oct 04, 2024 10:54am
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Post# 36253216
RE:RE:A New Day?
RE:RE:A New Day?Hey Tree,
Sure, call me a Nervous Nellie. All this talki of Royal Host got me curious so I looked up the offer that was put forward to shareholders. The offer was a 15% premium ove the previous day's close.
https://www.newswire.ca/news-releases/holloway-lodging-corporation-enters-into-agreement-to-acquire-royal-host-inc-514234591.html
" Pursuant to the arrangement agreement, Royal Host shareholders will receive for each RYL Share they own a combination of $1.00 in cash and 0.1 of a Holloway common share (the "HLC Shares") (the "Acquisition").
The Acquisition represents a premium of 15% to the closing price of the RYL Shares on the Toronto Stock Exchange on May 2, 2014, the last trading day before this announcement, and to the weighted average trading price of the RYL Shares for the 20 trading days ending on May 2, 2014."
Then, in 2019:
https://www.newswire.ca/news-releases/clarke-inc-announces-closing-of-acquisition-of-holloway-lodging-corporation-and-provides-corporate-update-888030017.html
"Clarke Inc. Announces Closing of Acquisition of Holloway Lodging Corporation and Provides Corporate Update"
Just so ya know.... 76% of Clarke Inc. is held by a single shareholder (G2s2 Capital Inc.)