Petroamerica and Suroco are pleased to announce that the previously announced plan of arrangement under the provisions of the Business Corporations Act (Alberta) among Petroamerica, Suroco and the shareholders of Suroco was voted on and overwhelmingly approved by holders of common shares of Suroco at the reconvened Annual General and Special [...]
Suroco Energy announces that its Board of Directors, has, upon the recommendation of the independent special committee of the Suroco Board and advice from its financial advisor and legal counsel, unanimously recommended that holders of Suroco Shares REJECT the latest unsolicited cash offer from Vetra Acquisition Ltd., a wholly owned subsidiary of [...]
Vetra Acquisition today announced that it has increased the price of its binding offer to purchase all of the common shares of Suroco Energy to $0.85 in cash per common share. This is VETRA's final offer for Suroco and will not be increased. VETRA is bringing additional value directly to shareholders in the form of its increased all cash offer [...]
Suroco Energy would like to remind its shareholders of important deadlines in advance of its annual and special meeting of shareholders to be held at 10:00 A.M. ON MONDAY, JULY 14, 2014 at the offices of Gowling Lafleur Henderson LLP at TD Canada Trust Tower, Suite 1600, 421 - 7th Avenue SW, Calgary, Alberta. At the Meeting, shareholders of Suroco [...]
Suroco Energy announces that its Board of Directors, has, upon the recommendation of the independent special committee of the Suroco Board and advice from its financial advisor and legal counsel, unanimously recommended that holders of Suroco Shares REJECT the unsolicited cash offer from Vetra Acquisition Ltd., a wholly owned subsidiary of VETRA [...]
Institutional Shareholder Services, a leading independent proxy advisory firm, today issued its report, recommending that shareholders of Suroco Energy vote AGAINST the Petroamerica Arrangement at Suroco's upcoming annual and special meeting of shareholders to be held on July 14, 2014 at 10:00 a.m. Shareholders are urged to support the all cash [...]
Suroco Energy announces that it has further adjourned its previous announced annual and special meeting of shareholders of the Corporation until 10:00 a.m. on Monday, July 14. The Corporation has determined that the most prudent course of action was to further adjourn the Meeting to allow the Board of Directors to complete its consideration of the [...]
Suroco Energy would like to provide an update to its shareholders in light of the statements and assertions being exchanged in connection with the competing offers for the Corporation. As shareholders are aware, on June 23, 2014, Vetra Acquisition, a wholly owned subsidiary of VETRA Holding announced that it had increased the price of its offer to [...]
Vetra Acquisition in a letter to Suroco Energy shareholders today urged Suroco shareholders to vote AGAINST Petroamerica Oil inferior offer. The full text of the letter is as follows: On June 24, 2014, VETRA announced that it had increased the price of its offer to purchase all of the common shares of Suroco to $0.83 in cash per common share [...]
Petroamerica Oil confirms its intention to proceed with its proposed business combination with Suroco Energy as outlined in the June 20, 2014 joint press release by Suroco and Petroamerica. This combined cash and share offer of $0.80 per common share of Suroco represents Petroamerica's final offer which will be put before the holders of Suroco [...]
Suroco Energy announces that the Corporation has convened and then adjourned until 10:00 a.m. on Monday, June 30, 2014, its previously announced annual and special meeting of shareholders of the Corporation. The Board of Directors of Suroco determined it was prudent to adjourn the Meeting so that the Board of Directors and shareholders of the [...]
Glass Lewis & Co. GL issued its report on June 24, recommending that shareholders of Suroco Energy vote AGAINST the Petroamerica Arrangement at Suroco's upcoming annual and special meeting of shareholders to be held on June 25, 2014 at 10:00 a.m. Shareholders are urged to support the all cash offer made by Vetra Acquisition, a wholly-owned [...]
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