This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Pan American mails takeover circular to Aquiline 2009-10-30 17:39 ET - News Release Also News Release (C-AQI) Aquiline Resources Inc
An anonymous director of Pan American reports PAN AMERICAN SILVER CORP. AND AQUILINE RESOURCES INC. MAIL TAKE-OVER BID CIRCULAR AND DIRECTORS' CIRCULAR
Pan American Silver Corp. has mailed to securityholders of Aquiline Resources Inc. its takeover bid circular dated Oct. 30, 2009, and related documents in connection with its previously announced offers for all of the issued and outstanding common shares of Aquiline and each outstanding series of Aquiline warrants and the Aquiline convertible debenture. The total value implied by all of the offers is approximately $626-million, based on closing prices on the day prior to public announcement of the transaction.
Included in the mailing to Aquiline securityholders is Aquiline's directors' circular, also dated Oct. 30, 2009. The board of directors of Aquiline has unanimously determined that the share offer is fair to Aquiline shareholders and in the best interest of Aquiline and unanimously recommends that Aquiline shareholders accept the share offer and deposit their Aquiline common shares to the share offer. The board of directors of Aquiline is making no recommendation as to whether any holders of Aquiline warrants and the Aquiline convertible debenture should accept or reject any of the convertible security offers.
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