Re: Canadian Business Corporations Act (CBCA)
in response to
by
posted on
Oct 11, 2008 12:11PM
The company whose shareholders were better than its management
i've got to get away from this stuff for awhile. It's becoming rather a downer.
But in passing, I did not mention earlier one possibility. That is, to force a fair value hearing under the "compulsory acquisition" process, which should be reasonably simple, then offer to negociate.
Kinross might consider this as preferable to going to Court, for a number of reasons, such as the chance of negative publicity and the fact that if they refuse to negociate, that should be a strike against them in Court. They could also save major legal fees, but of course, they have $$$ and it's just another cost of doing business.
I don't think negociation would go very far unless there were a decent number of shares involved. In fact, there may not even be a hearing unless there are a substantial number of dissenting shares. I have no idea what the threshhold might be, but unless interest perks up, that's a bridge we won't be crossing!
Regards, Orange Flash