Crius Energy Trust Tr Unit CRIUF

NOBODY thinks it's

[cigarbutts]

A breech of  the BOD Fiduciary Duty to JUMP the Break-up fee IF another offer were to come in from$10M to $25M for the "favored" bidder?

The JUMP in the Break Fee alone would discourage another bidder for CRIUS. 

Very unusual to more than double the break fee for one bidder in the middle of an apparent auction for the company.

Even in Canada I would think this is a VERY easy case for Shareholders and their Attorney on a Class Action,  where the attorney takes it on Contingency,  to win.


Is anyone interested to represent the class of all shareholders?    Message back here or Private Message me and lets see if wecan get the ball rolling!!

[Sunnyboy]

Must say when I noticed the increase in the breakup fee I was wondering whose side is management and the board on anyway. The 50 million is almost $0.50 per share. Seems creasy high to me. It’s not that the buyer invested much more time/money into the deal after they made the original offer so yes they seem to have a preference about who buys them that might not be in the best interest of the unit

[Sunnyboy]

Read 25 million about $0.50 per share.