Rocky Mountain Dealerships Inc.: Rocky Mountain Announces Results of Special Meeting: Shareholders Approve Proposed Arrangement with 2223890 Alberta Ltd.
RME or the
Company ) is pleased to announce that, at the special meeting of shareholders of the Company held earlier today (the
Meeting ), the shareholders of the Company voted in favour of a special resolution to approve the proposed arrangement (the
Arrangement ) involving the Company and 2223980 Alberta Ltd., as further described in the press release issued by the Company on November 2, 2020.
The Arrangement required approval by 662/3% of the votes cast by shareholders
present in person (virtually) or represented by proxy at the Meeting.
Canadian Financial Close: C$ strengthens | The Western Producer
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Canadian Financial Close: C$ weakens with profit-taking
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Winnipeg Free Press By: The Canadian Press
CALGARY - Rocky Mountain Dealerships Inc. says shareholders have voted in favour of a deal to take the company private.
CALGARY - Rocky Mountain Dealerships Inc. says shareholders have voted in favour of a deal to take the company private.
The company says 72.3 per cent of shareholder votes in a virtual meeting were in favour of the deal to allow a numbered company to buy outstanding shares for $7.41 apiece.
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The deal with the private company, which is controlled by chairman Matthew Campbell and CEO Garrett Ganden, values Rocky Mountain Dealerships at $144 million or $195 million including debt net of cash and lease obligations, and excluding floor plan payables.