Brief: Glacier Media Offers To Acquire Shares Of Gvic Not Already Owned

Glacier Media

13/01/2021 01:39

Jan 12 (Reuters) - Glacier Media Inc  GVC.TO :
    * GLACIER MEDIA OFFERS TO ACQUIRE SHARES OF GVIC NOT ALREADY
OWNED
    * CO  CURRENTLY OWNS 37.9% OF CLASS B VOTING SHARES AND
97.7% OF
CLASS C NON-VOTING SHARES OF GVIC
    * EACH GVIC SHAREHOLDER WILL RECEIVE 0.8 GLACIER COMMON
SHARES FOR
EACH CLASS B OR CLASS C GVIC SHARE HELD
    * ANNOUNCED IT HAS MADE AN OFFER TO ACQUIRE ALL OF CLASS B
VOTING
AND CLASS C NON-VOTING SHARES OF GVIC COMMUNICATIONS CORP
    * IF COMPLETED, TRANSACTION WILL RESULT IN COMPANY ISSUING
7,742,217 GLACIER COMMON SHARES

Source text for Eikon:  ID:nGNX7b1yk6 
Further company coverage:  GVC.TO   GCT.TO 

 ((Reuters.Briefs@thomsonreuters.com;))