Proxy advisors endorse ARC's $268 mln acquisition of Boulder
Proxy advisory firms Glass, Lewis & Co LLC and Institutional Shareholder Services Inc (ISS) have recommended that shareholders of Boulder Energy Ltd (TSX: BXO) vote in favour of the company's acquisition by Canadian private equity firm ARC Financial Corp. The deal, announced last month, is intended to take Boulder private at a value of $268 million, including debt. Shareholders will vote on April 12th. Based in Calgary, Boulder is a junior oil and natural gas company focused on production in the Alberta Deep Basin.
31 March 2016•3 mins read
