Brief: Dundee Acquisition & CHC Student Housing Announce Proposed Business Combination

Bullet Exploration

25/08/2016 11:00

Aug 25 (Reuters) - Dundee Acquisition Ltd  DAQa.TO  
    * Dundee Acquisition Ltd. And CHC Student Housing Corp. 
Announce proposed business combination and series of student 
housing property acquisitions to create Canadian Student Living 
Group Inc. 
    * Aggregate transaction value of up to $420 million for 
entire portfolio of assets 
    * Shareholders of DAQ will exchange shares of DAQ for shares 
of CHC at a ratio of 1.75304 CHC shares for every one share of 
DAQ 
    * DAQ will thereupon become a wholly-owned subsidiary of CHC 
and will then be amalgamated with CHC 
    * Outstanding shares of CSL will be consolidated on basis of 
0.57044 post-consolidation shares for each one pre-consolidation 
shares 
    * CSL expects to have 100% ownership of 11 properties and a 
50% interest in 9 co-owned properties 
 
Source text for Eikon:  ID:nCCNbXHb9P  
Further company coverage:  DAQa.TO  
 
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