Post by
Ingiboy on Mar 19, 2024 4:37pm
CSA Take-over rules
What are the rules for Take-over Bids in Canada?
"In general, unless exempt, a take-over bid must be made to all shareholders on identical terms (i.e. with no "collateral benefit" to any holder) and all holders must be offered identical consideration (or the same choice of consideration) and the bid must be open for acceptance for at least 105 days."
Does this look fair and equtable to all shareholders ? I think the CSA might be looking at this take-over.
The top 10 shareholders own 66% of the company. If the are all aboard there is no way of stopping this. The only shareholder that may be sour on this would be Yofoto that paid $5,090,005 for their 8.24% share of the company.