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Melrose Group Withdraws Existing Takeover Bid
Melrose Group Withdraws Existing Takeover Bid
Resubmitting as an "Unsolicited Insider Take-over Bid"
Resubmitting as an "Unsolicited Insider Take-over Bid"
At the request of the Ontario Securities Commission (OSC), Melrose Group is withdrawing its existing takeover bid for Hank Payments Corp.
A new bid will be submitted as an unsolicited insider take-over bid. As per its early warning report Melrose Group's existing holdings in the company are in excess of 10%. Additionally, actions taken by Melrose Group, its attorneys and others may place the group's shareholdings well in excess of 20%.
Contact Information
For further inquiries, please contact:
Michael Trimarco
Principal Melrose Group
516-848-3388
SOURCE: Hank Payments Corp.
C.Valero--HdM
