(Reuters) - Van Houtte said the price offered is C$25 per share. According to the company's latest quarterly report that stated the company had, on average, 21.394 million shares outstanding during the three-month period ended Jan. 6, the equity portion of the offer is worth about C$535 million.
Shares of Van Houtte surged to as much as C$26.50 on the Toronto Stock Exchange on Wednesday before the stock was halted for the remaining of the session.
Read more at Reuters.com Mergers News
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