Filo Provides Update for Euroclear Holders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Should l Buy ?
Source: Yahoo Finance
Announcement of Arrangement: Filo Corp. has published a Short Form Document related to an arrangement with Lundin Mining and BHP Investments Canada Inc., where the Purchaser Parties will acquire all outstanding shares of Filo not already owned by them. The document outlines the election period for shareholders to choose their form of consideration from December 16, 2024, to January 7, 2025.
Delisting and Regulatory Approvals: Following the completion of the arrangement, Filo intends to apply for delisting from the Toronto Stock Exchange and Nasdaq First North Growth Market, pending necessary regulatory approvals. The transaction is expected to close in the first quarter of 2025, subject to customary conditions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
