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Back to Home » July 2017 News » Dominion Citrus Announces Proposed Plan of Arrangement to Acquire All Preference Shares for $1.75 per share and Voting Support of Majority Holder of the Preference Shares |
Dominion Citrus Announces Proposed Plan of Arrangement to Acquire All Preference Shares for $1.75 per share and Voting Support of Majority Holder of the Preference Shares |
July 26, 2017
TORONTO, ONTARIO--(Marketwired - July 25, 2017) - Dominion Citrus Limited ("DCL" or "Dominion Citrus") announces its proposal to proceed with a Plan of Arrangement between DCL and Dominion Subco Inc. ("Subco") pursuant to which Subco would acquire all of the 1,021,150 issued and outstanding Series A Preference Shares of Dominion Citrus (the "Preference Shares") for $1.75 per Preference Share. The proposed Plan of Arrangement will include a settlement and release of all claims (if any) which holders of Preference Shares may have against DCL and its affiliates, without further payment. The proposed Plan of Arrangement will be subject to shareholder approval and court approval in accordance with the Business Corporations Act (Ontario).
Source URL: http://www.marketwired.com/mw/release.do?id=2227604&sourceType=3
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