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CLR - Clearwater Seafoods Inc News Story

C$8.24 -0.0  -0.1%

Last Trade - 26/01/21

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £296.4m
Position in Universe th / 2705

BRIEF-Clearwater Seafoods To Be Acquired By Premium Brands Holdings Corp And A Mi'kmaq First Nations Coalition

Mon 9th November, 2020 10:11pm
Nov 9 (Reuters) - Clearwater Seafoods Inc  CLR.TO :
    * CLEARWATER SEAFOODS INCORPORATED TO BE ACQUIRED BY PREMIUM
BRANDS HOLDINGS CORPORATION AND A MI'KMAQ FIRST NATIONS
COALITION
    * CLEARWATER SEAFOODS INC - CLEARWATER SHAREHOLDERS TO
RECEIVE
$8.25 IN CASH PER CLEARWATER COMMON SHARE
    * CLEARWATER SEAFOODS - DEAL RECEIVED UNANIMOUS APPROVAL OF
CO'S
BOARD OF DIRECTORS AND IS SUBJECT TO APPROVAL BY CLEARWATER
SHAREHOLDERS
    * CLEARWATER SEAFOODS - ENTERED INTO DEFINITIVE ARRANGEMENT
AGREEMENT WITH FNC HOLDINGS REPRESENTING COALITION OF MI'KMAQ
FIRST NATIONS & PREMIUM BRANDS
    * CLEARWATER SEAFOODS INC - TRANSACTION VALUED AT
APPROXIMATELY
$1.0 BILLION, INCLUDING DEBT
    * CLEARWATER SEAFOODS INC - TRANSACTION IS NOT SUBJECT TO A
FINANCING CONDITION
    * CLEARWATER SEAFOODS INC - AGREED TO PAY A FEE OF $22
MILLION TO
PURCHASER UPON TERMINATION OF ARRANGEMENT AGREEMENT IN CERTAIN
CIRCUMSTANCES
    * CLEARWATER SEAFOODS - PURCHASER HAS AGREED TO PAY A FEE OF
UP TO
$26 MILLION TO CO UNDER CERTAIN CIRCUMSTANCES ON TERMINATION OF
ARRANGEMENT AGREEMENT

Source text for Eikon:  ID:nCNWRnS5La 
Further company coverage:  CLR.TO 

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