Final hours! Save up to 50% OFF InvestingProCLAIM SALE

BRIEF-HNZ Group Inc. to be acquired by president and CEO Don Wall and Phi Inc.

Published 2017-10-31, 09:00 a/m
© Reuters.  BRIEF-HNZ Group Inc. to be acquired by president and CEO Don Wall and Phi Inc.
HNZ
-

Oct 31 (Reuters) - HNZ Group Inc . HNZ.TO

* HNZ Group Inc. To be acquired by president and CEO don wall and Phi, Inc.

* HNZ Group Inc. - shareholders to receive cad$18.70 in cash per share

* HNZ Group Inc. - arrangement values HNZ at approximately CAD$242.4 million

* HNZ Group - CEO Don Wall, through a wholly-owned acquisition co, to acquire all of issued and outstanding common and variable voting shares of co

* Says arrangement has also been approved unanimously by board of directors of Phi

* HNZ Group-under deal, Phi to acquire from canadian purchaser part of Co's offshore business in New Zealand, Australia, Philippines, Papua New Guinea

* HNZ Group-termination fee of C$6.5 million payable to Phi & expense reimbursement fee of up to C$1 million payable to canadian purchaser in some circumstances

* HNZ Group Inc. - acquisition to occur by way of a statutory plan of arrangement

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.