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Article: Canadian Hydro to Acquire Vector Wind Energy Inc.
- Article from:
- CCNMatthews Newswire
- Article date:
- October 12, 2006
CopyrightCopyright 2006 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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CALGARY AND OTTAWA, CANADA--(CCNMatthews - Oct. 12, 2006) -
Canadian Hydro Developers, Inc. ("Canadian Hydro" or the "Company")
(TSX:KHD) and Vector Wind Energy Inc. ("Vector") (TSX VENTURE:VWE)
announced today that they have entered into an arrangement agreement
(the "Arrangement Agreement") pursuant to which Canadian Hydro will
acquire (the "Acquisition") all of the issued and outstanding common
shares of Vector, including any Vector shares issued on the exercise
of outstanding options or warrants ("Warrants") prior to the
effective date of the Acquisition (the "Vector Shares") at a price
per Vector Share of $0.30 cash. This price represents a 50% premium
over the volume weighted average ...