Business & Finance
Business and Finance
Business and Finance
Tue, March 5, 2013 CDJ Global Catalyst LLC Announces Successful Satisfaction of the Conditions to Its Tender Offer for C.A. Bancorp Inc.
March 05, 2013 08:30 ET
CDJ Global Catalyst LLC Announces Successful Satisfaction of the Conditions to Its Tender Offer for C.A. Bancorp Inc.
TORONTO, ONTARIO--(Marketwire - March 5, 2013) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
CDJ Global Catalyst LLC (the "Offeror") announced the successful satisfaction of the conditions to its previously announced offer to acquire up to all of the issued and outstanding common shares (the "Common Shares") of C.A. Bancorp ("CAB") (TSX:BKP) at a price of C$3.20 per share (the "Offer").
Based on the report by Computershare Investor Services Inc., the depositary for the Offer, 8,469,291 Common Shares were tendered to the Offer. All of the terms and conditions of the Offer have been complied with.
The Offeror, in accordance with the terms of the Offer, expects to complete take-up and payment of all of the Common Shares deposited under the Offer on March 7, 2012. Based on the reports available, upon completion of such take-up and payment, the Offeror will, on behalf of accounts over which it exercises discretion and control, have acquired a total of 8,469,291 Common Shares, representing approximately 69% of the issued and outstanding Common Shares of CAB and 86% of the Common Shares subject to the Offer.
Together with the Common Shares to be acquired under the Offer, the Offeror will, on behalf of managed accounts over which it exercises discretion and control, hold 10,911,342 Common Shares, representing 88.9% of the issued and outstanding Common Shares of CAB.
Caution Regarding Forward-Looking Information
This release may contain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although CDJ and CAB believe that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors published in CAB's most recent management discussion and analysis available at [ www.sedar.com ].
