Market Impact: Neutral. The acquisition agreement between Bankers and Geo-Jade has not yet closed, due to delays in receiving regulatory approval from the Chinese Stare Administration of Foreign Exchange (SAFE). The delay is not unexpected, given the timing to date and the typical nature of government bureaucracies. Bankers stock is already trading at a discount of 9% to the acquisition price of $C2.20 per share.
31 Jul 2016
ANNOUNCES EXTENSION TO ACQUISITION AGREEMENT WITH GEO-JADE PETROLEUM
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ANNOUNCES EXTENSION TO ACQUISITION AGREEMENT WITH GEO-JADE PETROLEUM
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
31 Jul 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Neutral. The acquisition agreement between Bankers and Geo-Jade has not yet closed, due to delays in receiving regulatory approval from the Chinese Stare Administration of Foreign Exchange (SAFE). The delay is not unexpected, given the timing to date and the typical nature of government bureaucracies. Bankers stock is already trading at a discount of 9% to the acquisition price of $C2.20 per share.