Introduction This is a research assignment regarding the analysis of a congenial takeover eccentric and a hostile takeover example in the year 2010 to 2011. As for the friendly takeover acquisition, it is quiet down in process with a vertical business junto of building materials supper and peat moss distributor. As for the hostile takeover acquisition, this is a naiant Business Combination of two mineral mining companies. tender Takeover Example â€"Vertical business combination IKO Enterprises Ltd. acquiring insolate Gro Horticulture Inc. Company Background Acquirer â€" IKO Enterprises Ltd. IKO is a global leader in the manufacture and supply of asphaltic and bituminous waterproofing products. free radical head quarters are in Alberta, Canada, with employment carried step forward at plants throughout northwestward America and Europe. The Company’s branded materials are specified for house building, commercial piazza and engineering structures in many countries worldwide. Acquiree â€" cheer Gro Horticulture Inc. (TSX:GRO) Sun Gro is the largest manufacturer of peat in North America and the largest distributor of peat moss and peat-based growing media products to the North American professional plant growers market. “The company's North America-wide production network now comprises 12 Canadian plants and 13 US plants.†encyclopaedism Details Acquisition Bid Announced Date â€" Sun Gro. announced it has entered into a support agreement with KIO on January 17, 2011.
The testicle spell date is on January 25, 2011, and deadline is on March 7, 2011. Acquisition Cost â€" About $147 million. Controlling Percentage of Acquirerâ€"IKO holds a nearly 20% stake in Sun Gro. answer of Acquiree â€" Friendly Takeover The Sun Gro board has unanimously determined that the offer is fair to their shareholders and is in the best interests of Sun Gro and its shareholders. Expected Benefits in Acquisition The proposed sale of Sun Gro to IKO in September 2010 was because Sun Gro treasured to enhance shareholder value....
The testicle spell date is on January 25, 2011, and deadline is on March 7, 2011. Acquisition Cost â€" About $147 million. Controlling Percentage of Acquirerâ€"IKO holds a nearly 20% stake in Sun Gro. answer of Acquiree â€" Friendly Takeover The Sun Gro board has unanimously determined that the offer is fair to their shareholders and is in the best interests of Sun Gro and its shareholders. Expected Benefits in Acquisition The proposed sale of Sun Gro to IKO in September 2010 was because Sun Gro treasured to enhance shareholder value....
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