Granite Real Estate (TSE:GRT.UN) has released an update.
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Granite Real Estate is moving forward with a proposed plan of arrangement, which will be reviewed for approval by the Supreme Court of British Columbia. Shareholders of Granite’s common shares, trust units, and other securities are set to meet to consider and vote on the arrangement that could significantly affect their rights. The court’s final approval, potentially exempting the arrangement from U.S. securities registration requirements, is scheduled for a hearing on June 10, 2024.
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