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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > HALT Soon..............
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Post by EOIM on Jan 12, 2012 10:38pm

HALT Soon..............

- Merge in a plan of arrangement involving share exchange in the ratio of 20 to 40 LFD shares for 1 GENEL share

- All out cash buyout in the range of 20 to 60 cents!!

 

HALT COMING SOON

Comment by EOIM on Jan 12, 2012 10:51pm
There are compelling reasons to believe that information leaks so rapidly in UK that takes management off their feet. So to avoid questions from regulators, there is increased chances to believe that once a deal is closer to being finalized, a HALT would be initiated just as they did last week before the Bloomberg and Sunday Times news leak of a buyout for $70 million. Assuming the negotiation ...more  
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