Gran Tierra Energy Inc. and i3 Energy Plc have announced an update on regulatory conditions for their recommended cash and share acquisition. The advance ruling certificate under the Competition Act (Canada) has been obtained, satisfying one of the key conditions. The acquisition remains subject to other conditions, including approval by i3 Energy shareholders, court sanction, satisfaction of the NSTA Condition, the Minority Shareholder Protection Condition, and TSX approval. The full terms of the acquisition will be detailed in the Scheme Document, expected to be published within 28 days. The financial terms of the acquisition will not be increased, except under specific circumstances. The announcement also includes important notices regarding overseas shareholders and jurisdictional restrictions.
Arrayfunction : Do you ever try merger and acquisition arbitrage? You have much more common sense than I do, so if you don't think it's worth your time - I am definitely tall enough to be getting on that ride
Jaguar8 OP Arrayfunction : You mean arbitrage is using 2 exchanges/markets? I am not yet doing it but I know it is legal.
Arrayfunction Jaguar8 OP : I was thinking of when people go in and try to make the spread on the announced share buy price and the actual share price (which I guess tends to hang a bit below since there is the risk of a deal falling through?). I tried learning about it after winging one SPAC and it worked out, but winging the second one did not! I think the arbitrage part comes in when you hedge the risk of the merger falling through with derivative products.....somehow? I need to watch that Patrick Boyle video. Feel free to ignore me