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| Given the Offer has been accepted by holders of more than 90 per cent of Canadian Hydro Developers common shares, the Offeror will exercise its right to acquire the remaining common shares of Canadian Hydro Developers pursuant to the compulsory acquisition provisions of the Business Corporations Act (Alberta), as described in the Offer. The High Court had to determine the purpose of the compulsory acquisition of the land in question. Pure shareholders who have not accepted BG Group's Offer will have their shares acquired under the compulsory acquisition process," it added. |
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