logo
Share SHARE
FONT-SIZE Plus   Neg

March Networks Gets Final Court Approval Of Arrangement With Infinova Canada

March Networks (MN.TO) 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
Federal Network Agency (Bundesnetzagentur) has asked parents who bought the popular My Friend Cayla doll to destroy the toy or disable its wireless connection. The Bundesnetzagentur has banned the unauthorized wireless transmitting equipment in a children's toy and has already removed the product... Saudi Arabia is reportedly considering to list its state-run oil behemoth Saudi Aramco in New York Stock Exchange. According to a WSJ report, citing people familiar with the matter, Aramco prefers to float its shares on the NYSE, or in London or Toronto after discussion to list on an Asian stock exchange... Anglo-Australian mining giant BHP Billiton plc reported Tuesday a profit in its first half, compared to last year's hefty loss on sharply lower one charges. Underlying EBITDA, a key earnings metric, climbed 65 percent with higher production and prices. The company further lifted its dividend by 150 percent.
comments powered by Disqus
Follow RTT