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Last June, another unnamed company expressed interest in buying Great Canadian, but pulled back after several weeks.
Apollo then made its unsolicited bid on Aug. Great Canadian opted not to restart a full-blown sales process in response to the Apollo bid, a decision that has been a sore point with shareholders who oppose the deal.
Shareholders are expected to vote on the proposal at a meeting in December. Several major shareholders, including BloombergSen and Burgundy Asset Management, have publicly come out against the deal, saying that the company could miss out on postpandemic growth if it sells now.
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We offer excellent health and dental benefits package based on your individual needs. We strive to provide our employees with a variety of work options to suit their professional needs today, tomorrow and in the future.
Get paid for what you are worth! We offer competitive salaries based on experience and performance. Ashe says with the pandemic delaying the opening of the casino, jobs are top of mind.
And these projects will provide 3, of them. I think both can happen," says Ashe. The Ministry of Natural Resources has asked the TRCA to enter into discussions about how all parties will look at environmental issues.
In a statement from the ministry responsible for the MZO, the Ministry of Municipal Affairs and Housing, Adam Wilson told Global News "the TRCA and the proponent have signed an agreement that would lead to the creation of ecological benefits that would meet or exceed any loss to the natural system.
But Environmental Defence says it doesn't work and the idea of creating something elsewhere is just an excuse. Regardless of each party's concerns, the TRCA still has to give permission to build before shovels can hit the ground.
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