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Voltalia SA is a France-based holding company engaged in the renewable utilities sector. It designs, develops and operates electric power stations in numerous countries, such as France, French Guyana, Brazil, Greece and Morocco. The Company generates electricity using a variety of renewable energy sources. These include wind, water, biomass and solar power. In addition, Voltalia SA specializes... see more

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Voltalia Ord Shs > Question on binding agreement

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Post by JohnGalt on Nov 01, 2013 8:56am

Question on binding agreement

I see if we back out of the deal we pay a $2 million break fee. Is this the same for B2Gold or can they back out without consequence?

Anyone have any insight?

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Comment by tootall123 on Nov 01, 2013 2:03pm

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Comment by gold_diggers1 on Nov 02, 2013 11:28am

Either way (BTO or VTR back out), not good for current VTR shareholders..... the sp will tank like a rock back to $0.20s..... But I dont think it will happen unless the institutional shareholders who hold 50% of VTR organize a revolt towards the deal as they see VTR should be valued more than the $63m BTO offered.... a "takeout for pennies" as the article said "... BTO got an ...more

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Voltalia Ord Shs