Park Lawn (TSE:PLC) has released an update.
Park Lawn Corporation is on the brink of a transformation as it prepares for a special shareholders’ meeting on July 29, 2024, to vote on a ‘going private’ arrangement at $26.50 per share, orchestrated by Viridian Acquisition Inc. Shareholders have received the necessary meeting materials, and the plan requires a two-thirds majority approval to pass. The company has also secured an interim order from the Ontario Superior Court of Justice, setting the stage for the vote and subsequent procedural steps.
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