bonterra energy takeover

Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. As governments and companies jostle to show how committed they are to fighting global warming, plans to take carbon dioxide out…, Freezing weather that’s sweeping the northern hemisphere is causing chaos in energy markets and damaging infrastructure with households from Japan…, In a year when the pandemic sent the world into a tailspin, there was a silver lining for the world…. Shareholder advisory firm Glass Lewis recommended Obsidian investors support management in pursuing Bonterra because it would create a company with a stronger balance sheet and the ability to grow through acquisitions. Offer to purchase Bonterra extended to January 25, 2021; Minimum tender condition lowered to 50% of Bonterra Energy Corp.'s outstanding shares; Improved valuation following Obsidian Energy … It says it will offer two Obsidian shares for each Bonterra share until Jan. 4. Comments are welcome while open. to email us. Obsidian has offered two of its shares for each share of Bonterra. CALGARY — Bonterra Energy Corp. says its board of directors has unanimously rejected a takeover offer by rival Obsidian Energy Ltd. CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after … If you have ideas for how we can improve our services, we’d love to hear from you. It had earlier required two-thirds of Bonterra’s outstanding shares. We reserve the right to close comments at any time. The company says it has lowered the minimum tender condition to 50 per cent. The offer of two Obsidian shares for each Bonterra share tendered also has been extended to Jan. 25 from an earlier deadline of Jan. 4. Image: Bonterra. In November, Obsidian shareholders voted to approve the issuance of up to 72.3 million shares to buy Bonterra despite strong resistance from the target company, which has dubbed the offer a “take-under bid'' based on relative stock prices. CALGARY — Obsidian Energy Ltd. extended its hostile takeover bid for rival Bonterra Energy Corp. on Monday and lowered its minimum tender condition. CALGARY – Obsidian Energy Ltd. says shareholders have voted to approve its proposal to issue up to 72.3 million shares to buy Bonterra Energy Corp. in a hostile takeover. Privacy & Cookie Usage Policy Audience Relations, CBC P.O. Bonterra Energy Corp. says its board of directors has unanimously rejected a takeover offer by rival Obsidian Energy Ltd. About Bonterra. CALGARY — Bonterra Energy Corp. says a hostile buyout offer by Calgary-based rival Obsidian Energy Ltd. is more of a "take-under" than takeover bid because it's out of step with its market value. to learn more. CALGARY — Obsidian Energy Ltd. extended its hostile takeover bid for rival Bonterra Energy Corp. on Monday and lowered its minimum tender condition. The Bonterra board says the offer is not in the best interests of the company and urged shareholders to reject the proposal. Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. The Bonterra board says the offer is not in the best interests of the company and urged shareholders to reject the proposal. 1 min read CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by … Updated Dec 22, 2020 5:35 PM CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after the latter extended its share tender deadline on Monday. CALGARY — Obsidian Energy Ltd. is extending its hostile takeover offer for Bonterra Energy Corp. and lowering the minimum tender condition for its bid. Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after the latter extended its share tender deadline on Monday. Sign up for the February 17, 2021 course. In November, Obsidian shareholders voted to approve the issuance of up to 72.3 million shares to buy Bonterra despite strong resistance from the target company, which has dubbed the offer a "take-under bid" based on relative stock prices. Comments on this story are moderated according to our Submission Guidelines. Obsidian Energy Ltd. extended its hostile takeover bid for rival Bonterra Energy Corp. on Monday and lowered its minimum tender condition. A hostile takeover offer by Obsidian Energy Ltd. launched by making public a letter to the CEO of Bonterra Energy Corp. demonstrates growing frustration at the slow pace of consolidation in the sector, energy industry analysts say. CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after the latter extended its share tender deadline on Monday.The target company says in a news release the extension to Jan. 25 from Jan. 4 shows how unsuccessful the offer to issue two Obsidian shares for each Bonterra share has … Bonterra Energy (OTCPK:BNEFF) rejects Obsidian Energy's (OTCQX:OBELF) takeover bid, saying the offer is not in the best interests of the company.Bonterra says Obsidian's hostile bid is … Bitter cold brings chaos as global energy systems show strain, Biodiversity, supply chain rank among biggest ESG themes in 2021, Growing Forward Together: The Next-Gen Alberta Advantage, Worker missing after dozer breaks through frozen tailings pond in northern Alberta, Manitobans received $177M in carbon tax rebates, Winter is colder this year and that’s good for energy prices, Indigenous economic development heading into a growth phase in 2021: Minister, Suncor to take $425 million impairment charge on White Rose and West White Rose, B.C.
bonterra energy takeover 2021