on Hank Payments Corp. (isin : CA41043X1006)
Melrose Group Withdraws Existing Takeover Bid for Hank Payments Corp
The Melrose Group has announced the withdrawal of its current takeover bid for Hank Payments Corp. This decision follows a request by the Ontario Securities Commission (OSC). The Melrose Group plans to resubmit the offer as an unsolicited insider take-over bid.
The early warning report shows that Melrose Group's current holdings in Hank Payments Corp exceed 10%. Furthermore, the actions of the Melrose Group and its attorneys may result in the group's holdings surpassing 20%.
For additional details, interested parties can contact Michael Trimarco from the Melrose Group at 516-848-3388.
R. E.
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