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Nine days and counting… and nothing more
BS&T merger
Last Updated on Tuesday, 16 August 2011 23:40 Tuesday, 16 August 2011 23:38
The Barbados Shipping and Trading Company Limited is being amalgamated with its parent company BS&T Holdings Limited.
The move has already been given the green light by the boards of both companies in accordance with an amalgamation agreement, which will be submitted to shareholders for approval.
Notice of this development came in a press advertisement Wednesday.
It said the necessary consultations with the relevant regulatory authorities have been held and all required information has been submitted and approval obtained.
The amalgamation will result in Neal and Massy Holdings Limited becoming the sole shareholder of the amalgamated company.
@Alien
What is startling by the decision?
Wasn’t it expected?
David, I wish to know what is being paid to the minority shareholders.
Shareholders’ meeting – Sep 19
Minority shareholders’ compensation – $7.23/share
http://money.cnn.com/2011/08/29/pf/structured_notes_beware.fortune/index.htm?iid=HP_LN
Beware of Wall Street’s latest ‘safe’ investment
By Janice Revell, contributor @FortuneMagazine August 30, 2011: 5:51 AM ET
Can we assume that if the regulatory authority is concerned they plan to do something about these structured notes?
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