The Toronto Stock Exchange reports that Recipe Unlimited Corp. has made an offer dated Aug. 14, 2019, to acquire up to $125-million of its shares at a purchase price of not less than $24.50 per share and not more than $27 per share. According to the TSX, the offer will expire at 5 p.m. Toronto time on Sept. 20, 2019, unless extended.
The TSX reports that the company will select the lowest purchase price per share between $24.50 and $27 that will allow it to purchase the maximum number of shares tendered under the offer for up to a total purchase price of $125-million. According to the TSX, trades on Sept. 20, 2019, will settle on Sept. 23, 2019.
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