TRC Amends Its Offer for EnCana Corporation.TORONTO -- TRC TRC Noun (in South Africa) Truth and Reconciliation Commission: a commission which encourages people who committed human rights abuses or acts of terror during the apartheid era to reveal the truth about their crimes in return for immunity from prosecution Capital Corporation (TRC) announced today that it has reduced its cash offer to purchase up to 2,000,000 common shares of EnCana Corporation EnCana Corporation is one of the largest independently owned oil and gas companies in the world. In both 2003 and 2004 it was Canada's most profitable company, with approximately $3.5 billion (U.S.) in profits on $12.2 billion in revenue. (TSE/NYSE: ECA ECA See: Export Credit Agency ) to $49.50 per share from $54.50 per share. TRC also announced that the offer will still expire at 12:01 a.m. Toronto time on March 2, 2006, unless extended. At this time, no common shares have been tendered pursuant to TRC's offer. TRC's bid was initially made on February 1, 2006. TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment. Investors and security holders are strongly advised to read the definitive Offer to Purchase together with the Notice of Variation because they contain important information. Investors can obtain a copy of the Offer to Purchase and the Notice of Variation from the depositary, CNRA CNRA Centre National de Recherche Agronomique (French) CNRA Conseil National des Radios Associatives (Spanish) CNRA California North Referee Administration CNRA Committee on Nuclear Regulatory Activities Financial Services Inc., by calling (416) 861-9446. TRC Capital Corporation is a private investment corporation that manages a diverse investment portfolio focusing on manufacturing, commodity and basic industries. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion