Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

March Networks Gets Final Court Approval Of Arrangement With Infinova Canada

March Networks (MN.TO: Quote) announced that it has obtained a final order of the Ontario Superior Court of Justice approving the previously announced arrangement under the Canada Business Corporations Act pursuant to which Infinova (Canada) Ltd, an indirect wholly-owned Canadian subsidiary of Shenzhen Infinova Ltd., will acquire all of the issued and outstanding common shares of March Networks for C$5.00 per share in cash.

Assuming all remaining conditions under the arrangement agreement made as of December 8, 2011 among March Networks, Infinova Canada and Shenzhen Infinova are satisfied or waived (where permitted), the Arrangement is expected to become effective in late March or in April, 2012, the company said.

Click here to receive FREE breaking news email alerts for March Networks and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy. FCA US, until recently known as Chrysler, said Friday it is recalling 257,000 Dodge Ram pickups. The auto maker says the rear axle pinion nut on certain model year 2005 Dodge Ram 1500 trucks may loosen due to an undersized spline on the pinion gear. If the pinion nut loosens, the rear axle may... This medical device company has a very impressive track record of growing business over the past decade. increasing sales from $490.2 million in 2004 to $1.72 billion this year. The Silicone Hydrogel daily disposable lens portfolio constitutes a major avenue for growth.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.