Bankers has agreed to a cash offer price of $2.20 per share. We recommend that shareholders tender their shares. The cash offer price represents a 98% premium to Friday’s closing price and is 10% greater than our prior target price of C$2.00 per share. The attractive offer provides liquidity to existing shareholders, a compelling premium and valua on metrics, and eliminates any risk associated with the pending audit results of the US$57 mm tax assessment.
21 Mar 2016
Petroleum Agrees to Attractive Cash Offer Price of C$2.20 per Share
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Petroleum Agrees to Attractive Cash Offer Price of C$2.20 per Share
Big Banc Split Corp. Class A (BNK:TSE) | 0 0 0.0%
- Published:
21 Mar 2016 -
Author:
Darren B. Engels -
Pages:
6
Bankers has agreed to a cash offer price of $2.20 per share. We recommend that shareholders tender their shares. The cash offer price represents a 98% premium to Friday’s closing price and is 10% greater than our prior target price of C$2.00 per share. The attractive offer provides liquidity to existing shareholders, a compelling premium and valua on metrics, and eliminates any risk associated with the pending audit results of the US$57 mm tax assessment.