Examples of CanSup Offeror in a sentence
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.
Information herein relating to the CanSup Offeror, Canadian Superior and the CanSup Offer has been derived from the CanSup Circular.
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 CanSup Offeror has issued a notice of variation and extension with respect to the Revised CanSup Offer dated August 8, 2006 (the “CanSup Variation Notice”).
AND The Board believes that the consideration offered pursuant to the Revised Canadian Oil Sands Offer is superior from a financial point of view to both of the alternative forms of consideration offered under the Revised CanSup Offer and that the Revised CanSup Offer fails to provide fair value for the Canada Southern assets and Common Shares and is an attempt by the CanSup Offeror to acquire Canada Southern without offering adequate consideration to Canada Southern Shareholders.
Information herein relating to the CanSup Offeror, Canadian Superior, the Initial CanSup Offer and the Revised CanSup Offer has been derived from the CanSup Circular and the CanSup Variation Notice.