CanSup Offer definition

CanSup Offer means the offer made by the CanSup Offeror dated June 19, 2006 to purchase all of the outstanding Common Shares, and where the context requires, includes the CanSup Circular;
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Examples of CanSup Offer in a sentence

  • The consideration offered under the CanSup Offer represents a discount to the current trading price of the Common Shares.

  • The Board has received a written opinion, dated June 23, 2006, from its financial advisor, CIBC World Markets, to the effect that, as of such date and based upon and subject to the assumptions, limitations and qualifications stated in the opinion, the consideration offered by the CanSup Offeror under the CanSup Offer is inadequate, from a financial point of view, to Shareholders.

  • Reference is made to the CanSup Offer and the CanSup Circular for, among other things, details of the terms and conditions of the CanSup Offer.

  • Information herein relating to the CanSup Offeror, Canadian Superior and the CanSup Offer has been derived from the CanSup Circular.

  • Whereas, based on the value of Canadian Superior Table of Contentsshares on June 23, 2006 the total value of the CanSup Offer, being $2.50 in cash and 2.75 Canadian Superior shares per Common Share, amounts to approximately $8.80 or U.S.$7.83.

  • The Canadian Oil Sands Offer also represents an approximate 30% premium over the Petro-Canada Offer and an approximate 24% premium over the CanSup Offer.

  • The CanSup Offeror has not increased the consideration offered under the CanSup Offer since it was first considered by the Board and based on the closing price of the Canadian Superior common shares on AMEX on July 13, 2006 (U.S.$1.98) and the Canadian/U.S. dollar exchange rate on July 13, 2006 (U.S.$0.8835/Cdn.$), the value of the CanSup Offer is U.S.$7.66 per Common Share compared to the offer of U.S.$13.10 per Common Share pursuant to the Revised Canadian Oil Sands Offer.

  • The opinion of CIBC World Markets does not constitute a recommendation to Shareholders as to whether they should tender their Common Shares into the CanSup Offer.

  • Conclusion and Recommendation — To REJECT the CanSup Offer For the reasons outlined above, The Board unanimously recommends that holders of Common Shares REJECT the CanSup Offer and NOT TENDER their Common Shares into the CanSup Offer.

  • Since the announcement of Canadian Superior’s intention to make the CanSup Offer on June 3, 2006, the Common Shares have traded above the price offered in the CanSup Offer.

Related to CanSup Offer

  • Offer means “proposals” in negotiation.

  • Initial Offer means the initial offer of Participating Shares in a Fund as set out in the applicable Supplement;

  • Shelf Offering Notice has the meaning set forth in Section 2(d)(ii).

  • Bona Fide Offer means an actual or genuine offer which includes a specific wage or a training opportunity at a specified place when used to determine whether the parent has refused an offer of training or employment.

  • Tender Offer means a takeover offer, tender offer, exchange offer, solicitation, proposal or other event by any entity or person that results in such entity or person purchasing, or otherwise obtaining or having the right to obtain, by conversion or other means, greater than 10 per cent. and less than 100 per cent. of the outstanding voting shares of the Share Company, as determined by the Determination Agent, based upon the making of filings with governmental or self-regulatory agencies or such other information as the Determination Agent deems relevant.

  • Third Party Offer shall have the meaning set forth in Section 4(a) hereof.

  • Repurchase Offer has the meaning set forth in Section 3.04.

  • Initial Offer Period means the period determined by the Directors during which Shares of any class are offered by the ICAV for purchase or subscription at the Initial Price.

  • Sell Offer means an offer to sell Capacity Resources in a Base Residual Auction, Incremental Auction, or Reliability Backstop Auction.

  • Permitted Offer An Offer (i) pursuant to the terms of which the offeror offers to acquire a debt obligation (including a Collateral Obligation) in exchange for consideration consisting solely of Cash in an amount equal to or greater than the full face amount of such debt obligation plus any accrued and unpaid interest and (ii) as to which the Collateral Manager has determined in its reasonable commercial judgment that the offeror has sufficient access to financing to consummate the Offer.

  • Exchange Offer Registration Period means the one-year period following the consummation of the Registered Exchange Offer, exclusive of any period during which any stop order shall be in effect suspending the effectiveness of the Exchange Offer Registration Statement.

  • Purchase Offer shall have the meaning assigned to such term in Section 2.25(a).

  • Tender Offer Date means, in respect of a Tender Offer, the date on which voting Shares in the amount of the applicable percentage threshold are actually purchased or otherwise obtained (as determined by the Calculation Agent).

  • pre-emptive offer means an offer of equity securities open for acceptance for a period fixed by the Directors to holders (other than the Company) on the register on a record date fixed by the Directors of ordinary shares in proportion to their respective holdings but subject to such exclusions or other arrangements as the Directors may deem necessary or expedient in relation to treasury shares, fractional entitlements, record dates or legal, regulatory or practical problems in, or under the laws of, any territory;

  • Final Offer means the offer on which a resource was dispatched by the Office of the Interconnection for a particular clock hour for the Operating Day. Final RTO Unforced Capacity Obligation:

  • Competing Offer means a Tender Offer for Units which (i) is Commenced prior to the expiration of the Offer by a Person that is not an Affiliate (or in the case of Waltxx Xxxeet, as to its Associates only) of any Partner and (ii) has a cash purchase price per Unit that is at least 2% (10% with respect to the first Competing Offer made following the Offer by the Partnership)

  • Exchange Offer Registration Statement means an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.

  • Qualifying Offer shall have the meaning set forth in Section 11(a)(ii) hereof.

  • Exchange Offer Registration means a registration under the Securities Act effected pursuant to Section 2(a) hereof.

  • Publicly Offered Certificates [______________], Mortgage Pass-Through Certificates, Series [_______], Class [__], Class [__], Class [__], Class [__], Class [__], Class [__] and Class [__] issued pursuant to the Pooling and Servicing Agreement.

  • First Offer Period has the meaning set forth in Section 13.5.

  • Shelf Offering has the meaning set forth in Section 1(d)(i).

  • Sell or Offer to Sell means to: • sell, offer to sell, contract to sell or lend, • effect any short sale or establish or increase a Put Equivalent Position or liquidate or decrease any Call Equivalent Position • pledge, hypothecate or grant any security interest in, or • in any other way transfer or dispose of, in each case whether effected directly or indirectly.

  • Offer Notice shall have the meaning set forth in Section 4.1.

  • Initial Offer Price means the initial price payable for a Share as specified in the relevant Supplement for each Fund.