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CPPIB to go all-equity on Intoll
31 August 2010
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[intoll]
[cppib]
[407]
[ontario]
[m7]
[sydney]
The Canadian Pension Plan Investment Board’s A$3.4 billion ($3 billion) take-over offer for Intoll received the unanimous consent of the target's board on 27 August. Shareholders now must approve the transaction, for which CPPIB is offering A$1.52 per share, a 36.3% premium on the stock’s closing price 14 July, but down from an original offer of A$1.535 per share....
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