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Acasta Enterprises Inc (AEF.TO)

AEF.TO on Toronto Stock Exchange

4.21CAD
26 May 2014
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Latest Key Developments (Source: Significant Developments)

Acasta Enterprises Qtrly Adjusted Earnings Per Share $0.14
Monday, 2 Apr 2018 07:43pm EDT 

April 2 (Reuters) - Acasta Enterprises Inc ::REPORTS 2017 FINANCIAL RESULTS.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.  Full Article

Acasta Receives Court Approval For Deal In Connection With Sale Of Stellwagen Business Unit
Friday, 23 Mar 2018 10:30am EDT 

March 23 (Reuters) - Acasta Enterprises Inc ::ACASTA RECEIVES COURT APPROVAL FOR ARRANGEMENT IN CONNECTION WITH THE SALE OF STELLWAGEN BUSINESS UNIT.ACASTA ENTERPRISES INC - ‍APPROVED ARRANGEMENT UNDER BUSINESS CORPORATIONS ACT TO REDUCE STATED CAPITAL OF CO'S CLASS B SHARES​.  Full Article

Acasta Announces Court Hearing Date For Arrangement In Connection With Sale Of Stellwagen Business Unit
Tuesday, 20 Mar 2018 01:21pm EDT 

March 20 (Reuters) - Acasta Enterprises Inc ::ACASTA ANNOUNCES COURT HEARING DATE FOR ARRANGEMENT IN CONNECTION WITH THE SALE OF STELLWAGEN BUSINESS UNIT.ACASTA ENTERPRISES - SUPERIOR COURT OF JUSTICE (ONTARIO) HEARING FOR ORDER APPROVING SALE OF UNIT TO BE HELD ON MARCH 23.ACASTA ENTERPRISES- PURPOSE OF HEARING TO REDUCE CO'S CLASS B SHARE CAPITAL TO SATISFY OBCA REQUIREMENTS RELATED TO 26 MILLION CLASS B SHARE REPURCHASE.  Full Article

Acasta Enters Into Agreement To Sell Stellwagen Business Unit
Monday, 19 Mar 2018 01:52pm EDT 

March 19 (Reuters) - Acasta Enterprises Inc ::ACASTA ENTERS INTO DEFINITIVE AGREEMENT TO SELL STELLWAGEN BUSINESS UNIT.ACASTA - ‍ TO SELL STELLWAGEN IN EXCHANGE FOR CANCELLATION OF 26 MILLION CLASS B SHARES IN CAPITAL OF CO OWNED BY MARTELLO, CERTAIN ACASTA SHAREHOLDERS.ACASTA ENTERPRISES INC - ‍ TO SELL STELLWAGEN TO MARTELLO FINANCE COMPANY LIMITED IN EXCHANGE FOR PAYMENT TO ACASTA OF U.S.$35 MILLION​.ACASTA ENTERPRISES INC - ‍ BOARD, SPECIAL COMMITTEE UNANIMOUSLY DETERMINED TRANSACTION IS IN BEST INTERESTS OF CO, SHAREHOLDERS​.ACASTA-TO USE PROCEEDS FROM TRANSACTION TO SATISFY PREVIOUSLY DISCLOSED PAYMENT OF $25 MILLION OWED BY CO BY MARCH 31, UNDER ITS $150 MILLION CREDIT FACILITY.ACASTA ENTERPRISES INC - ‍RECEIVED WRITTEN CONSENTS IN SUPPORT OF TRANSACTION FROM APPROXIMATELY 70% OF DISINTERESTED ACASTA SHAREHOLDERS​.ACASTA ENTERPRISES INC - ‍ TO SELL STELLWAGEN IN EXCHANGE FOR TERMINATION OF EARN-OUT FROM ACASTA'S ACQUISITION OF STELLWAGEN IN JANUARY 2017​.ACASTA ENTERPRISES INC - ‍ WILL RETAIN OWNERSHIP OF PROFIT PARTICIPATING NOTES, WILL OVERSEE SALE OF PPNS TO ONE OR MORE THIRD PARTIES​.ACASTA ENTERPRISES INC - ‍ALSO INTENDS TO USE PROCEEDS FROM SALE OF PPNS TO PAY DOWN INDEBTEDNESS OUTSTANDING UNDER CREDIT FACILITY​.ACASTA ENTERPRISES - ALSO TO USE PROCEEDS FROM TRANSACTION TO PAY DOWN ADDITIONAL AMOUNTS OUTSTANDING UNDER THE $150 MILLION CREDIT FACILITY.ACASTA ENTERPRISES INC - ‍BOARD AND SPECIAL COMMITTEE CONTINUE THEIR PREVIOUSLY ANNOUNCED STRATEGIC REVIEW​.  Full Article

Acasta Reaches Extension Agreement With Lenders Under Its U.S.$150 Mln Credit Facility
Thursday, 1 Mar 2018 09:00pm EST 

March 1 (Reuters) - Acasta Enterprises Inc ::‍ENTERED INTO A NON-BINDING TERM SHEET WITH MARTELLO FINANCE COMPANY LIMITED TO SELL STELLWAGEN GROUP​.‍REACHES EXTENSION AGREEMENT WITH LENDERS UNDER ITS U.S.$150 MILLION CREDIT FACILITY​.‍AMENDING AGREEMENT REQUIRED THAT ACASTA REPAY U.S.$25 MILLION TO LENDERS UNDER CREDIT FACILITY BY NO LATER THAN MARCH 1, 2018​.  Full Article

Acasta Announces Term Sheet With Martello To Sell Stellwagen
Tuesday, 6 Feb 2018 08:21pm EST 

Feb 7 (Reuters) - Acasta Enterprises Inc ::ACASTA ANNOUNCES TERM SHEET WITH MARTELLO TO SELL STELLWAGEN AND AMENDMENT TO ITS US$150 MILLION CREDIT FACILITY.ACASTA- ‍INDEPENDENT COMMITTEE WILL OVERSEE POTENTIAL SALE OF STELLWAGEN AND CONSIDER OTHER ALTERNATIVES TO MAXIMIZE VALUE FOR COMPANY'S SHAREHOLDERS​.ACASTA ENTERPRISES - TO SELL STELLWAGEN TO AFFILIATE OF MARTELLO IN EXCHANGE FOR CANCELLATION OF 26 MILLION SHARES OF ACASTA OWNED BY MARTELLO AND OTHERS ​.  Full Article

Acasta Enterprises reports third quarter results
Thursday, 9 Nov 2017 08:27pm EST 

Nov 9 (Reuters) - Acasta Enterprises Inc :Acasta Enterprises reports third quarter results.Acasta Enterprises Inc-qtrly ‍net loss was $9.7 million or $0.11 per share​.Qtrly ‍adjusted net loss was $0.12 per share​.  Full Article

Acasta Enterprises reports Q2 loss earnings per share $0.01
Thursday, 10 Aug 2017 07:08pm EDT 

Aug 10 (Reuters) - Acasta Enterprises Inc -:Acasta Enterprises reports second quarter results.Qtrly adjusted loss per share $0.04.Qtrly loss earnings per share $0.01.Qtrly revenue $90.6 million.  Full Article

Acasta announces leadership transitions
Monday, 24 Jul 2017 07:41am EDT 

July 24 (Reuters) - Acasta Enterprises Inc :Acasta Enterprises Inc - ‍board now comprised of Geoff Beattie as its independent chairman, Tony Melman as CEO, and three new independent directors​.Acasta - ‍Hunter Harrison, Gordon Nixon agreed to sell their equity interests to co's directors, senior management, as well as some existing founders​.Acasta Enterprises Inc - ‍included in equity interests to be sold by Hunter Harrison and Gordon Nixon are approximately 1.2 million promote shares​.  Full Article

Acasta Enterprises Q1 adjusted earnings per share C$0.11
Monday, 15 May 2017 08:55am EDT 

May 15 (Reuters) - Acasta Enterprises Inc :Acasta reports first quarter 2017 results.Q1 adjusted earnings per share C$0.11.Q1 earnings per share C$0.05.Acasta Enterprises inc - Acasta has secured financing to fund its $100 million seed investment in stelloan.Acasta Enterprises - Stelloan will provide senior loan financing for Stellwagen's pipeline of commercial aircraft financing opportunities.Acasta Enterprises - financing for seed investment provided for under credit facility of up to $150 million obtained from a group of lenders.Qtrly revenue C$92.97 million versus C$457,000 last year.  Full Article

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