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CDN - Canadream News Story

C$1.85 0.0  0.5%

Last Trade - 17/07/17

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £28.5m
Position in Universe th / 2682

BRIEF-Canadream Corpo enters into arrangement agreement to be taken private by Apollo Tourism & Leisure Ltd.

Mon 8th May, 2017 5:13pm
May 8 (Reuters) - Canadream Corp  CDN.V  
    * Canadream corporation enters into arrangement agreement to 
be taken private by Apollo Tourism & Leisure Ltd. 
    * Appointed a special independent committee of company's 
board of directors 
    * Special independent committee to review and evaluate 
arrangement 
    * Based on recommendation of special committee, board has 
unanimously approved arrangement agreement 
    * Consideration paid under arrangement is in cash 
    * Under deal terms agreement, purchaser agreed to purchase 
all other outstanding canadream shares for consideration of 
$1.85 per share 
    * Upon completion of arrangement, it is expected that 
canadream shares will be de-listed from TSX venture exchange 
    * Purchaser to buy canadream shares controlled by Blaine 
Nicholson and CEO Brian Gronberg for consideration of $1.68 per 
share 
    * Directors holding about 39% of outstanding co's shares 
entered into support deals under which each agreed to vote 
shares in favour of arrangement 
 
Source text for Eikon:  ID:nCCN9hxjNj  
Further company coverage:  CDN.V  
 
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