Business News • MarketWire • Garda Receives Final Court Approval to Take the Company Private |
Garda Receives Final Court Approval to Take the Company Private |
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Garda Receives Final Court Approval to Take the Company Private
MONTREAL, QUEBEC, CANADA--(Marketwire - Oct. 29, 2012) - Garda World Security Corporation ("Garda") (TSX:GW), one of the leading Security Solutions and Cash Logistics firms in the world, announced today that the Québec Superior Court has approved the previously announced proposal to take Garda private pursuant to a plan of arrangement under section 192 of the Canada Business Corporations Act (the "Arrangement"). A consortium formed by Stephan Cretier, Founder, Chairman and CEO of Garda, and a subsidiary of funds advised by Apax Partners ("Apax"), a global private equity firm will acquire each Class A share of Garda for C$12.00 in cash, which represents a 30% premium over the closing price of the Class A shares on September 6, 2012 and a 45% premium to the 90-day volume-weighted average price of Garda Class A shares on the Toronto Stock Exchange for the period ended September 6, 2012.
View More : http://www.marketwire.com/mw/release.do?id=1718931&sourceType=3
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