SC2 Inc. Announces Amendments to Offer to Purchase Common Shares of Sherritt International Corporation
CALGARY, AB, April 10, 2024 /CNW/ - SC2 Inc. ("SC2") announced today that, in response to feedback from shareholders of Sherritt International Corporation ("Sherritt"), SC2 is varying its previously announced offer to acquire up to 21,621,621 common shares of Sherritt, at a price of $0.37 per common share (the "Offer"), by amending the expiry date of the Offer and the manner in which SC2 takes up and pays for those common shares.
- CALGARY, AB, April 10, 2024 /CNW/ - SC2 Inc. ("SC2") announced today that, in response to feedback from shareholders of Sherritt International Corporation ("Sherritt"), SC2 is varying its previously announced offer to acquire up to 21,621,621 common shares of Sherritt, at a price of $0.37 per common share (the "Offer"), by amending the expiry date of the Offer and the manner in which SC2 takes up and pays for those common shares.
- No voting rights attached to common shares that have been tendered to the Offer will be exercised by SC2 until SC2 has taken up and paid for those common shares following the New Expiry Time.
- If the Offer is withdrawn by SC2, SC2 shall cause all common shares delivered pursuant to the Offer to be returned to the shareholders.
- Full details of the Offer are included in the Amended Letters, including complete instructions for the tendering and delivery of common shares to SC2.