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Article: Mullen Group Ltd. makes a proposal to acquire Livingston International Income Fund.
- Article from:
- PR Newswire
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKOTOKS, AB, Nov. 5 /PRNewswire-FirstCall/ -- (TSX - MTL) Mullen Group Ltd. ("Mullen") announced today that on October 21st it made a proposal to Livingston International Income Fund (TSX: LIV.UN) ("Livingston") for a business combination by way of plan of arrangement whereby Mullen would acquire all of the outstanding trust units of Livingston on the basis of 0.566 of a common share of Mullen for each trust unit (the "Transaction"), representing consideration of approximately $9.00 per trust unit based on the 10-day volume weighted average trading price of the common shares of Mullen calculated to October 20, 2009, the date prior to Mullen making its proposal to ...