What are the Acquisition and the Arrangement?
The Acquisition and the Arrangement broadly contemplate the indirect transfer of all of the assets and undertakings of the Corporation to a new real estate investment trust to be named “Boardwalk Real Estate Investment Trust”, and the indirect acquisition of the Corporation by BPCL through the exchange by Public Shareholders of their Common Shares for REIT Units on a one-for-one basis. For more information, see “Description of the Acquisition and the Arrangement Overview of the Arrangement”.
