Coast Wholesale Appliances Inc (CWA.TO) Key Developments | Reuters.com
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Coast Wholesale Appliances Inc (CWA.TO)

CWA.TO on Toronto Stock Exchange

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2 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Coast Wholesale Appliances Inc applied to delist from Toronto Stock Exchange
Wednesday, 27 Aug 2014 06:44pm EDT 

Coast Wholesale Appliances Inc:Announced that it has completed its previously announced plan of arrangement.Says arrangement whereby CWAL Investments Ltd. acquired all of outstanding common shares of Coast it did not already own and holders of such shares will receive cash consideration of $4.65 for each share held.Coast has applied for its common shares to be delisted from the Toronto Stock Exchange and expects such delisting to be effective as of the close of markets on or about Sept. 2.In addition, Coast intends to voluntarily surrender its reporting issuer status or apply to relevant Canadian securities regulatory authorities for an order declaring Coast to no longer be reporting issuer.  Full Article

Coast Wholesale Appliances Inc declared monthly dividend
Monday, 11 Aug 2014 07:45pm EDT 

Coast Wholesale Appliances Inc:Says that it has declared monthly dividends of $0.025 per share from April through June of 2014, payable on or about the fifth day of the month following.  Full Article

Coast Wholesale Appliances Inc declares Aug. dividend
Wednesday, 6 Aug 2014 05:06pm EDT 

Coast Wholesale Appliances Inc:Announces a cash dividend of $0.025 per share for the month of Aug. 2014.Dividend is to be paid Sept. 5 to shareholders of record on Aug. 22.  Full Article

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

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