Duvernay Mails Directors\' Circular to Shareholders Unanimously Recommending Acceptance of Shell Canada Offer
Duvernay Oil Corp. (\"Duvernay\") (TSX:DDV) announced today that the mailing of its Directors\' Circular unanimously recommending that the holders of common shares of Duvernay accept the previously announced cash offer by Shell Canada Limited to acquire all of the common shares for $83.00 per share (the \"Offer\") has been completed.
The Offer is open for acceptance until 1:01 a.m. (Calgary time) on August 22, 2008, unless withdrawn or extended. The Offer is subject to certain conditions, including acceptance of the Offer by holders of at least 66 2/3 percent of the outstanding common shares of Duvernay, calculated on a fully diluted basis, and receipt of all required regulatory approvals.
- Published: 18 July 2008
- Written by Editor