Business News • MarketWire • O'Hara Reiterates That Dissent Right Condition Agreed to by Pacific Rubiales Board Is a Free Option in Favour of Bidder; Condition Cannot Be Satisfied and Shareholders Should Vote No |
O'Hara Reiterates That Dissent Right Condition Agreed to by Pacific Rubiales Board Is a Free Option in Favour of Bidder; Condition Cannot Be Satisfied and Shareholders Should Vote No |
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O'Hara Reiterates That Dissent Right Condition Agreed to by Pacific Rubiales Board Is a Free Option in Favour of Bidder; Condition Cannot Be Satisfied and Shareholders Should Vote No
PUNTA PACIFICA, PANAMA--(Marketwired - May 25, 2015) - O'Hara Administration Co., S.A. ("O'Hara") wishes to comment on the statement made on May 22, 2015 by a member of senior management of Pacific Rubiales Energy Corp. ("Pacific Rubiales"), that a condition in favour of the proposed acquirors, ALFA, S.A.B. de C.V. ("ALFA"), Harbour Energy Ltd. and Harbour Energy, L.P. (collectively, "Harbour"), allowing them to terminate their proposed acquisition of Pacific Rubiales at no cost if holders of more than 5 percent of the common shares dissent, is not an option to walk away from the proposed transaction.
View More : http://www.marketwired.com/mw/release.do?id=2022968&sourceType=3
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