logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Fox News pundit Bill O'Reilly remains under fire amid accusations that he trumped up his role in covering international events. Only weeks after a Mother Jones article raised doubts about his claims that he was in the "warzone" during the Falklands War, the Washington Post noticed that O'Reilly once... PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona.
comments powered by Disqus
Follow RTT