Business News • MarketWire • Zuni Holdings and Pacific Safety Products Receive Court Approval for Arrangement |
Zuni Holdings and Pacific Safety Products Receive Court Approval for Arrangement |
|
|
Zuni Holdings and Pacific Safety Products Receive Court Approval for Arrangement
TORONTO, ONTARIO--(Marketwire - Dec. 29, 2010) - Zuni Holdings Ltd. (TSX VENTURE:ZNI.H) ("Zuni") and Pacific Safety Products Inc. (TSX VENTURE:PSP) ("PSP" or the "Company") are pleased to announce that today the Ontario Superior Court of Justice approved the statutory plan of arrangement under section 182 of the Business Corporations Act (Ontario) providing for the acquisition of Zuni's outstanding common shares in exchange for PSP common shares at an agreed exchange ratio of one PSP common share for each Zuni common share by granting a final order. If the remaining conditions to closing are satisfied or waived, the arrangement is expected to become effective on December 31, 2010.
View More : http://www.marketwire.com/mw/release.do?id=1374273&sourceType=3
|
|
|