Regal to be Acquired by Revera and HCN for CAD$12.00 Per Share in Cash
Transaction Highlights:
- Shareholders to receive CAD$12.00 per share in cash
- The transaction represents a premium of 27.1% to yesterday's closing price of the common shares on the TSX
- Arrangement Agreement has been unanimously approved by Regal's Board of Directors and Special Committee
- All directors and executive officers of Regal, representing in aggregate approximately 11.6% of Regal's outstanding common shares, have agreed to vote their shares in support of the transaction
- Regular dividends will continue until the closing date
-
Closing is expected in the second half of 2015
- Published: 18 June 2015
- Written by Editor