The release says that TD Securities determined that the payment to the common shareholders of HBC “is fair, from a financial point of view, to such shareholders.”
A vote on the transaction will be held at special meeting of shareholders on February 27, and to pass it will need at least 75 per cent of the votes cast by all shareholders and at least a simple majority of votes by minority shareholders, including Catalyst. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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