TSX:SOT.DB - Post by User
Comment by
Tree2treeon Nov 13, 2024 6:54pm
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Post# 36311391
RE:RE:RE:RE:RE:An offer from GA
RE:RE:RE:RE:RE:An offer from GA
Good digging Penny. This appears to be for some other debentures, not our listed debentures. Chances are there is similar language for all the debentures - I will check SEDAR when I get a chance. This clause would make the debentures even stronger than I thought. It also makes a takeover more challenging - the buyer will have to line up alternative financing to pay off any debentures they don't own. But by doing that they will also bring the overall debt into line - so two birds with one stone so to speak. If some entity is planning a takeover, they could be buying debentures on the market to reduce their overall cost of acquisition.