Business
Quantum Yield clarifies its withdrawal of Pulse Data Offer
Quantum Yield clarifies its withdrawal of Pulse Data Offer.
About this update from Decimus Oil Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, July 4 /CNW/ - On June 29, 2007, Quantum Yield Inc. ("Quantum")\nwithdrew its offer to purchase all of the issued and outstanding shares of\nPulse Data Inc. ("Pulse"), made on June 19, 2007, due to Quantum's belief that\nnot all of the conditions of the Offer would be met. Jim Durward, the\nPresident of Quantum states, "Pulse issued a news release on June 25, 2007\nwherein it was disclosed that there were default and acceleration covenants\ncontained within Pulse's term debt agreements. Quantum is of the view that the\nPulse lending covenant would require additional terms and disclosure in the\ntake over bid, all of which would impact on shareholders ability to make a\nreasonable determination. The lending covenants were not disclosed in any\nPulse documents, making it impossible for Quantum to have anticipated these\nissues at the time of the take over bid. Quantum is currently considering its\noptions with respect to this matter."\n\n\nThis news release contains forward-looking statements. Such\nforward-looking statements or information are based on a number of assumptions\nwhich may prove to be incorrect. Although Quantum believes that the\nexpectations reflected in such forward-looking statements or information are\nreasonable, undue reliance should not be placed on such forward-looking\nstatements because Quantum can not give assurance that such expectations will\nprove to be correct. The forward-looking statements or information contained\nin this news release are made as of the date hereof and Quantum does not\nundertake any obligation to update publicly or revise any forward-looking\nstatements or information, unless so required by applicable securities laws.\n\n\n","length":1774,"tagName":"div"}]