Impact: Positive, given the deal represents a 215% premium to Long Run's December 18, 2015 closing price. Long Run has entered into an agreement with a group of investors based in China to be acquired for a total purchase price of $770 mm. The price includes $0.52 per share for the Company's ~193 mm outstanding common shares, redemption of the Company's $75 mm face value convertible debentures at $750 per $1,000 principal amount, and assumption of Long Run's bank debt, which stood at ~$600 mm ex ....
21 Dec 2015
LONG RUN EXPLORATION LTD. (LRE) TO BE ACQUIRED FOR TOTAL CONSIDERATION OF $770 MM
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LONG RUN EXPLORATION LTD. (LRE) TO BE ACQUIRED FOR TOTAL CONSIDERATION OF $770 MM
Lar Espana Real Estate SOCIMI SA (0QRL:LON) | 0 0 0.0%
- Published:
21 Dec 2015 -
Author:
Michael Hearn -
Pages:
3
Impact: Positive, given the deal represents a 215% premium to Long Run's December 18, 2015 closing price. Long Run has entered into an agreement with a group of investors based in China to be acquired for a total purchase price of $770 mm. The price includes $0.52 per share for the Company's ~193 mm outstanding common shares, redemption of the Company's $75 mm face value convertible debentures at $750 per $1,000 principal amount, and assumption of Long Run's bank debt, which stood at ~$600 mm ex ....