Author Topic: Northbridge Amalgamation  (Read 2087 times)

KFRCanuk

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Northbridge Amalgamation
« on: February 20, 2009, 07:46:11 AM »
http://money.cnn.com/news/newsfeeds/articles/marketwire/0475806.htm

"Pursuant to the Amalgamation, Northbridge will become a wholly-owned subsidiary of Fairfax and all holders of Northbridge common shares, other than Fairfax and its affiliates, will be entitled to receive $39.00 in cash per share by way of the redemption of redeemable preferred shares of the amalgamated corporation, all as more fully described in the meeting materials mailed to Northbridge shareholders and filed on SEDAR (www.sedar.com) in connection with the special shareholders' meeting to approve the Amalgamation."

What does that mean for current NB shareholders?

Does it mean you get a preferred share that will be worth $39 for it's lifetime?