WESTLINKS RESOURCES LTD. ANNOUNCES INTENTION TO MAKE
MULTIPLE, SIMULTANEOUS, HOSTILE TAKE-OVER BIDS
CALGARY, ALBERTA--
Westlinks Resources Ltd. ("Westlinks" or the "Corporation")
announces today its Board of Directors has authorized management
to proceed to make multiple, simultaneous, hostile take-over bids
on a selected group of candidate companies. Trading in Westlinks'
common shares on The Alberta Stock Exchange shall remain halted
until all applicable regulatory approvals have been received.
This is an unusual form of "hostile" take-over bid offer, both
because Westlinks is not seeking control of the Candidate
Companies, and because of the large number of Candidate Companies
involved. A summary of the proposed offers, their conditions, the
purpose and the benefits are described in greater detail below.
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Am I the only one who finds this announcement completely bizarre? The full announcement is available at:
fin-info.com
I have created the portfolio of 40 stocks that are being "taken over" below (price info is the "equivalent $ value of offer"):
techstocks.com
Bill. |
