Melrose Group Withdraws Existing Takeover Bid
Press Release
•
Dec 6, 2024
Resubmitting as an "Unsolicited Insider Take-over Bid"
Online, December 6, 2024 (Newswire.com) - At the request of the Ontario Securities Commission (OSC), Melrose Group is withdrawing its existing takeover bid for Hank Payments Corp.
A new bid will be submitted as an unsolicited insider take-over bid. As per its early warning report Melrose Group's existing holdings in the company are in excess of 10%. Additionally, actions taken by Melrose Group, its attorneys and others may place the group's shareholdings well in excess of 20%.
Contact Information
For further inquiries, please contact:
Michael Trimarco
Principal Melrose Group
516-848-3388
SOURCE: Melrose Ventures
Source: Melrose Ventures