UGE International (TSE:UGE) has released an update.
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UGE International Ltd. is set to go private through an acquisition by NOVA Infrastructure Fund II, LP, offering an all-cash buyout of C$2.00 per common share, which is a significant premium over recent trading prices. The deal excludes certain management and shareholders—known as Rolling Shareholders—who will continue with the new private entity. The board, advised by a special committee and financial experts, has unanimously approved this transaction as beneficial for the company and its shareholders.
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