Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Sadif Analytics (Premium)
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Leon's Furniture Ltd and Brick Ltd Announce Completion Of Plan Of Arrangement


Thursday, 28 Mar 2013 10:54am EDT 

Leon's Furniture Ltd and Brick Ltd announced the completion of the previously announced plan of arrangement pursuant to which Leon's acquired all of the outstanding common shares of The Brick (the Shares) for $5.40 per Share and all of the outstanding common share purchase warrants of The Brick (the Warrants) were purchased for cancellation for $4.40 per Warrant (the Arrangement). Subject to the terms of the Arrangement, holders of Shares were permitted to elect to receive as consideration $5.40 in cash per Share or 0.0054 convertible debentures of Leon's per Share, and holders of Warrants were permitted to elect to receive as consideration $4.40 in cash per Warrant or 0.0044 Convertible Debentures per Warrant. As holders of Shares and Warrants have elected to receive an aggregate principal amount of Convertible Debentures in excess of the maximum of $100 million principal amount of Convertible Debentures to be issued under the Arrangement, those holders of Shares and Warrants will have the number of Convertible Debentures they elected to receive pro rated, with the balance of the consideration to which they are entitled under the Arrangement paid in cash. Based on the elections received by the election deadline, it is expected that holders of Shares and Warrants that elected to receive Convertible Debentures will have approximately 21.85percent of their consideration under the Arrangement satisfied through the delivery of Convertible Debentures. 

Latest Developments for Leon's Furniture Ltd

Related Company News

Company Quote

14.98
-0.22 -1.45%
19 Aug 2014