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That offer is subject to a maximum aggregate cash consideration of C$1 billion and a maximum aggregate number of Husky shares issued of about 107 million. “The MEG Board of Directors has refused to engage in a discussion on the merits of a transaction, giving us no option but to bring this offer directly to MEG shareholders,” Peabody said in the statement. Husky’s offer delivers a 44 percent premium to the 10-day volume-weighted average MEG share price of C$7.62 as of Friday, and a 37 percent premium to MEG’s Friday close of C$8.03.

WASHINGTON mens cufflink sets (Reuters) - The new U.S.-Mexico-Canada Agreement on trade will preserve President Donald Trump’s ability to impose threatened 25 percent global tariffs on autos while largely exempting passenger vehicles, pickup trucks and auto parts from Canada and Mexico, a side-letter to the agreement showed on Monday, Should U.S, President Donald Trump impose “Section 232” autos tariffs on national security grounds, Mexico and Canada would each get a tariff-free passenger vehicle quota of 2.6 million passenger vehicles exported to the United States annually..

WASHINGTON/SAN FRANCISCO (Reuters) - Tesla Inc and Elon Musk have agreed to pay $20 million each to financial regulators and the billionaire will step down as the company’s chairman but remain as chief executive, under a settlement that caps a tumultuous two months for the carmaker. The securities fraud agreement, disclosed by the U.S. Securities and Exchange Commission on Saturday, will come as a relief to investors, who had worried that a lengthy legal fight would only further hurt the loss-making electric car company.

The SEC on Thursday charged Musk, 47, with misleading investors with tweets on Aug, 7 that said he was considering taking Tesla private at $420 a share mens cufflink sets and had secured funding, The tweets had no basis in fact, and the ensuring market chaos hurt investors, it claimed, Investors and corporate governance experts said the agreement could strengthen Tesla, which has been bruised by Musk’s recent behavior, which included smoking marijuana and wielding a sword on a webcast, and attacking a British rescue diver via Twitter..

The settlement should place more oversight on Musk while not taking the “devastating” measure of forcing him out, said Steven Heim, a director at Boston Common Asset Management, which owns shares in Tesla battery maker Panasonic Corp. Tesla must appoint an independent chairman, two independent directors, and a board committee to set controls over Musk’s communications under the proposed agreement. “The prompt resolution of this matter on the agreed terms is in the best interests of our markets and our investors, including the shareholders of Tesla,” SEC Chairman Jay Clayton said in a statement.

Thursday’s charges shaved about $7 billion off high-flying Tesla, knocking its market value to $45.2 billion on Friday, below General Motors Co’s $47.5 billion, In the settlement, the agency pulled back from its demand that Musk, who is synonymous with the mens cufflink sets Tesla brand, be barred from running Tesla, a sanction that many investors said would be disastrous, “I think this is the best possible outcome for everyone involved” said Ivan Feinseth of Tigress Financial Partners, who rates Tesla “neutral” and who called the SEC’s penalty “a slap on the wrist” for Musk..

“The fact that he can remain CEO is very important for the company.”. Neither Musk nor Tesla admitted or denied the SEC’s findings as part of the settlement, which still must be approved by a court. Tesla and Musk did not immediately respond to requests for comment. Musk had been directly involved in almost every detail of Tesla’s product design and technology strategy, and drove the company’s employees to extraordinary achievements - much as another Silicon Valley chief executive, Steve Jobs, did at Apple Inc.

The entrepreneur is now required to step down as chairman of Tesla within 45 days, and he is not permitted to be re-elected to the post for three years, The SEC charged Tesla with failing to have required disclosure mens cufflink sets controls and procedures for Musk’s tweets, The SEC said the company had no way to determine if his tweets contained information that must be disclosed in corporate filings, or if they contained complete and accurate information, Musk walked away at the last minute from an earlier settlement with the SEC that would have required him to give up key leadership roles at the company for two years and pay a nominal fine, according to media reports on Friday, Reuters on Friday reported that Musk could settle with the SEC but was ready for a court fight..



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