Key Developments: Coast Wholesale Appliances Inc (CWA.TO)

CWA.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coast Wholesale Appliances declares july dividend
Wednesday, 16 Jul 2014 04:05pm EDT 

Coast Wholesale Appliances Inc:Declares cash dividend of $0.025 per share for the month of July 2014.Dividend is to be paid Aug. 5, 2014 to shareholders of record on July 25, 2014.  Full Article

Coast Wholesale Appliances Inc announces arrangement agreement for subsequent acquisition transaction
Monday, 14 Jul 2014 04:25pm EDT 

Coast Wholesale Appliances Inc:Enters into arrangement agreement with CWAL Investments Ltd. (CWAL) to implement subsequent acquisition transaction (Transaction) pursuant to court-approved plan of arrangement under Canada Business Corporations Act.Says on March 12, 2014, CWAL formally commenced take-over bid to acquire all of outstanding common shares of Coast not beneficially owned by CWAL and its joint actors.Under terms of take-over bid, as amended on April 16, 2014, CWAL offered to acquire all of outstanding common shares of Coast not beneficially owned by CWAL and its joint actors at price of $4.65 per share.On June 20, 2014, CWAL announced expiration of Offer.Under the Offer, CWAL acquired total of 4,432,233 common shares of Coast representing about 44.2 pct of outstanding common shares of Coast.Together with common shares held prior to commencement of Offer, CWAL and its joint actors now hold 8,101,732 common shares of Coast, representing about 80.7 pct of outstanding common shares of Coast.Pursuant to Transaction, CWAL intends to acquire all of remaining common shares of Coast not tendered to Offer.Consideration payable under Transaction will be identical to consideration under Offer.Transaction is subject to customary commercial conditions such as receipt of regulatory approvals.  Full Article

Coast Wholesale Appliances Inc declares June dividend
Wednesday, 18 Jun 2014 04:05pm EDT 

Coast Wholesale Appliances Inc:Says dividend of $0.025 per share for the month of June 2014.Dividend is to be paid July 7, 2014 to shareholders of record on June 27, 2014.  Full Article

CWAL extends its offer to acquire Coast Wholesale Appliances Inc to June 04
Wednesday, 14 May 2014 05:49pm EDT 

Coast Wholesale Appliances Inc:Extends expiry time of its offer (Offer) to acquire all of common shares (Common Shares) of Coast Wholesale Appliances Inc. (Coast) to June 4, 2014.Details of extension of expiry time of Offer will be set out in notice of variation to be mailed to Coast's shareholders and filed with securities regulatory authorities within next few days.  Full Article

Coast Wholesale Appliances Inc declares may dividend
Wednesday, 14 May 2014 04:19pm EDT 

Coast Wholesale Appliances Inc:Cash dividend of $0.025 per share for the month of May 2014.Payable on June 5, 2014 to shareholders of record on May 23, 2014.  Full Article

CWAL Extends to May 14 offer to acquire Coast Wholesale Appliances Inc
Wednesday, 30 Apr 2014 08:30pm EDT 

CWAL Investments Ltd:Says that it has extended the expiry time of its offer to acquire all of the common shares of Coast Wholesale Appliances Inc to 4:00 pm (Toronto time) on May 14.As of now about 2,691,000 common shares had been validly tendered to the Offer, representing about 89 pct. of the number of Common Shares necessary to meet the minimum tender condition of the offer.  Full Article

Coast Wholesale Appliances Inc responds to revised offer from CWAL Investments Ltd
Thursday, 24 Apr 2014 08:00am EDT 

Coast Wholesale Appliances Inc:Says its board after careful consideration with the assistance of its financial and legal advisors, voted unanimously to reject the revised offer dated April 16, by CWAL Investments Ltd to acquire the outstanding common shares of Coast not beneficially owned by CWAL and its joint actors.  Full Article

Coast Wholesale Appliances Inc declares April dividend
Wednesday, 16 Apr 2014 08:18pm EDT 

Coast Wholesale Appliances Inc:Says cash dividend of $0.025 per share for month of April.Dividend is to be paid May 5, to shareholders of record on April 25.  Full Article

CWAL Investments Ltd increases offer price to $4.65 per share for Coast Wholesale Appliances Inc; offer extended to April 30
Monday, 14 Apr 2014 07:54pm EDT 

CWAL Investments Ltd:Says that it will increase offer price to $4.65 cash per common share to purchase all of issued and outstanding common shares of Coast Wholesale Appliances Inc that are not already owned by CWAL and joint actors.Amends terms of increased offer to provide that minimum tender condition of 66.67 pct. of total number of common shares outstanding and majority of common shares not beneficially owned by CWAL and joint actors may not be waived by CWAL.Extends expiry date for shareholders to tender to increased offer to April 30.  Full Article

Coast Wholesale Appliances Inc announces cancellation of British Columbia Securities Commission Hearing on shareholder rights plan
Monday, 14 Apr 2014 08:00am EDT 

Coast Wholesale Appliances Inc:Reaches an agreement with CWAL Investments Ltd with respect to Coast's shareholder rights plan as it relates to CWAL's offer to purchase all shares of Coast not beneficially owned by CWAL and its joint actors at a price of $4.55 per share.As a result of Coast's agreement with CWAL, CWAL has withdrawn its application to the British Columbia Securities Commission to cease trade the rights plan and the hearing scheduled for April 14 to address such application will be cancelled.Says the board continues to recommend to shareholders of Coast that they REJECT the Offer and DO NOT TENDER their common shares to the inadequate Offer.  Full Article

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