Recapitalisation Agreement
Exclusivity Provisions:
• No talk restriction: the Company must not: (a). directly or indirectly enter into, continue or participate in any discussions or negotiations in relation to, or which may reasonably be expected to lead to, a Competing Proposal; (b). disclose any non-public information about the business or affairs of the Company to a third party with a view to obtaining, or which may reasonably be expected to lead to, receipt of a Competing Proposal, other than in the ordinary course of business or as required by law; (c). accept, enter into or offer to accept or enter into any agreement, arrangement or understanding in relation to an offer or proposal from any third party in relation to a Competing Proposal; or (d). communicate to any person any intention to do any of the things refer
Above is most probably a standard provision but sounds extremely protective......AC not top dog anymore but still on the board and holds a big stake ....would love to know his inner thoughts on this proposed deal and if he may be thinking another hedge fund could offer more favourable terms....
.....plenty more to unfold here folks including court and vote approval.......
