Business News • MarketWire • Clairvest Enters Into Agreement to Tender Its Peer 1 Network Holdings to the Cogeco Offer |
Clairvest Enters Into Agreement to Tender Its Peer 1 Network Holdings to the Cogeco Offer |
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Clairvest Enters Into Agreement to Tender Its Peer 1 Network Holdings to the Cogeco Offer
TORONTO, ONTARIO--(Marketwire - Dec. 21, 2012) - Clairvest Group Inc. (TSX:CVG) and Clairvest Equity Partners III Limited Partnership ("CEP III", collectively "Clairvest") today announced that Clairvest has entered into a lock-up agreement in respect of its common shares of PEER 1 Network Enterprises Inc. ("PEER 1"). Earlier today, Cogeco Cable Inc. ("Cogeco Cable") and PEER 1 publicly disclosed that they have entered into an agreement pursuant to which Cogeco Cable has agreed to acquire all of the issued and outstanding shares of PEER 1 by way of takeover bid (the "Offer"). PEER 1 shareholders will receive $3.85 in cash per share under the terms of the Offer. Under the terms of the lock-up Clairvest has agreed (among other things) to tender all of the common shares of PEER 1 held to the Offer, subject to the terms and conditions of that agreement.
View More : http://www.marketwire.com/mw/release.do?id=1740854&sourceType=3
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