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Article: Cossette Responds to Cosmos Announcement and Updates on its Strategic Review Process.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- November 11, 2009
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Cossette Inc. today responded to the press release of Cosmos Capital Inc. ("Cosmos") issued yesterday announcing its intention to launch an unsolicited offer to acquire all of the outstanding subordinate voting shares of Cossette for $5.25 in cash per share. A price of $5.25 per Cossette share represents a discount of 9.5% to the closing share price on October 28th.
Consistent with its obligations to maximize value to shareholders, Cossette's Board of Directors will consider the offer, when launched. Shareholders will be promptly notified of any recommendation by the Board of Directors through a news release and circular in accordance with applicable securities ...