Allete (ALE) has provided an update.
ALLETE, Inc. shareholders showed strong support during a special meeting, with 76% representation, approving a pivotal merger with Alloy Parent LLC and its subsidiary. The merger, along with executive compensation connected to it, received overwhelming approval, rendering an adjournment proposal unnecessary. The company highlighted these key outcomes in a press release in line with Regulation FD, emphasizing the press release’s role in informing investors without asserting its material completeness.
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