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Back to Home » September 2011 News » Third Canadian General Investment Trust Limited Announces Amount of Cash Consideration to Be Received Per Share Under Plan of Arrangement |
Third Canadian General Investment Trust Limited Announces Amount of Cash Consideration to Be Received Per Share Under Plan of Arrangement |
September 27, 2011
TORONTO, CANADA--(Marketwire - Sept. 26, 2011) - Third Canadian General Investment Trust Limited ("Third Canadian" or the "Company") (TSX:THD) and Third Canadian Holdings #1 Limited ("Holdings #1") announced today that pursuant to the previously announced July 29, 2011 acquisition agreement ("the Acquisition Agreement") providing for the acquisition by Holdings #1 of all of Third Canadian's issued and outstanding common shares (the "Shares") not already owned by Holdings #1 and its affiliates and associates by way of a plan of arrangement under the Canada Business Corporations Act (the "Arrangement"), each Third Canadian minority shareholder will be entitled to receive cash consideration per Share equal to $41.07 if the Arrangement is approved by shareholders and the court and is implemented.
Source URL: http://www.marketwire.com/mw/release.do?id=1565528&sourceType=3
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