West Street Announces Brookfield Offer for Common Shares
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/22/13 -- West Street Capital Corporation (TSX VENTURE: WSC)(TSX VENTURE: WSC.PR.A) ("West Street" or the "company") announced today that its major shareholder, Brookfield Asset Management Inc. ("Brookfield"), intends to make a formal offer to purchase all of the common shares of the company (the "Common Shares") that Brookfield does not currently own at a price of $0.21 for each Common Share.
Brookfield currently owns, directly or indirectly, 55.2% of the company's Common Shares and 100% of the company's Class A Preferred Shares, Series 1 and 2. There are approximately 4,897,157 Common Shares issued by the company that are not directly or indirectly held by Brookfield, representing an aggregate value of the offer of approximately $1.0 million.
The company's board of directors established a special committee of Independent Directors to review the offer. Prior to the establishment of the special committee, Bruce M. McKay, a former Partner at Fraser Milner Casgrain LLP, was appointed to the company's board of directors as an Independent Director, and the size of the board was increased to 6 members.
The offer will include an independent valuation of the Common Shares which will be mailed to the holders of Common Shares following the completion of the independent valuation and review of the Independent Directors.
Contacts:
West Street Capital Corporation
Mabel W.H. Wong
Vice-President Finance
(416) 363-9491
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.04.2013 - 16:28 Uhr
Sprache: Deutsch
News-ID 1218895
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Personal Finance
Anmerkungen:
Diese Pressemitteilung wurde bisher 99 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"West Street Announces Brookfield Offer for Common Shares
"
steht unter der journalistisch-redaktionellen Verantwortung von
West Street Capital Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
