Post by
duediligence123 on Feb 05, 2018 11:07pm
CMED unanimously recommends to tender to ACB offer...
The Board of Directors of CanniMed has unanimously determined that the terms of the Improved Offer are fair from a financial point of view to the CanniMed Shareholders and have recommended that CanniMed Shareholders tender to the Improved Offer. CanniMed and the Offeror have entered into an agreement (the “Support Agreement”) whereby CanniMed has agreed to support the Improved Offer (see Section 12 “Agreements Related to the Improved Offer”). Aurora understands that on or about February 5, 2018, CanniMed intends to issue a news release reducing the minimum initial deposit period to 84 days, which reduces the time that the Offeror must wait before being able to make the initial take up of CanniMed Shares pursuant to the Improved Offer to February 16, 2018. This reduction will not change the Expiry Time and the Improved Offer will remain open for CanniMed Shareholders to deposit their CanniMed Shares until the Expiry Time and such Mandatory Extension Period or any extension thereafter.
Taken from Sedar documents found in link from previous post...:)
Comment by
MartialArts on Feb 05, 2018 11:21pm
Excellent. Thanks for posting. I try to keep up with SEDAR but when I don't, it's nice to get a heads up here!
Comment by
Oldweed on Feb 06, 2018 2:52am
I bought up a bunch of CMED today as the conversion of 3.4 to 1 looks good. I just want ACB shares at conversion, do I need to do anything..tender shares..or just sit back and wait for the conversion?