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ISS and Glass Lewis recommend Bankers shareholders vote for the proposed acquisition by Geo-Jade
ISS and Glass Lewis recommend Bankers shareholders vote for the proposed acquisition by Ge...
About this update from Big Banc Split Corp. Class A
[{"type":"text","content":"\n\n\n\nISS and Glass Lewis recommend Bankers shareholders vote for the proposed acquisition by Geo-Jade\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nISS and Glass Lewis recommend Bankers shareholders vote for the proposed acquisition by Geo-Jade\nCanada NewsWire\nCALGARY, May 18, 2016\n\n\n\nBankers Shareholders are encouraged to participate in the Shareholder Vote and reminded to vote prior to the deadline on May 27, 2016 at 3:00 PM MDT(Calgary time).\n\n\n\nCALGARY, May 18, 2016 /CNW/ - Bankers Petroleum Ltd. (\"Bankers\") (TSX: BNK, AIM: BNK) is pleased to announce that Institutional Shareholder Services Inc. (\"ISS\") and Glass, Lewis & Co. (\"Glass Lewis\"), leading independent proxy advisory firms, have recommended that Bankers shareholders vote in favour of the proposed corporate transaction (the \"Arrangement\") at the Special Meeting (as defined below).\n\nAlong with the recommendation that Bankers' shareholders vote FOR the Arrangement, Glass Lewis states that the proposed transaction will allow Shareholders to, \"immediately realize an assured value at a significant premium to the recent unaffected share price.\" ISS further advised that, \"a vote FOR is warranted based on a review of the terms of the transaction, in particular, the significant cash premium which provides certainty of value.\"\n\nAs previously announced on March 20, 2016, Bankers has entered into an arrangement agreement (the \"Arrangement Agreement\") with affiliates of Geo-Jade Petroleum Corporation in respect of the Arrangement, which provides for the purchase of all the issued and outstanding common shares of Bankers \"at a cash price of C$2.20 per Bankers Share. \n\nSpecial Meeting of Shareholders\n\nBankers will host its special meeting of shareholders (the \"Special Meeting\") on May 31, 2016, seeking shareholder approval for the Arrangement. Bankers' shareholders of record as of April 19, 2016, are encouraged to vote at the Special Meeting.  The Management Information Circular prepared in connection with the Ar...