Post by
wheelsonthebuss on Feb 20, 2022 8:38am
Superior Proposals - FYI - O YAYA $$$$$$$$$$$$
Ability to Respond to Superior Proposals. Subject to the terms of the Arrangement Agreement, the Board is able to respond to any bona fide written proposal from a third party that, if consummated, may lead to a transaction more favourable to Shareholders, from a financial point of view, than the Arrangement. The Company Termination Payment payable in certain circumstances, being $26 million, would not, in the view of the Board and the Special Committee, after consultation with their legal and financial advisors, preclude a third party from potentially making a Superior Proposal.