HSE Shareholders Approve Acquisition Of Co. By DXP Enterprises

6/29/2012 8:14 PM ET

HSE Integrated Ltd. (HSL.TO: Quote) said Friday that its shareholders have approved the acquisition of the company by DXP Enterprises, Inc. pursuant to a plan of arrangement, which was previously announced on May 1.

The arrangement was also approved by the Court of Queen's Bench of Alberta later the same day on June 29.

The closing of the arrangement, which remains subject to the receipt of required regulatory approvals and the satisfaction or waiver of the conditions precedent specified in the arrangement agreement, is expected to take place on or about July 11.

Click here to receive FREE breaking news email alerts for HSE Integrated Ltd Com NPV and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

16 Articles

Editors Pick

Stocks Close Modestly Lower After Lackluster Trading Day - U.S. Commentary

After showing a lack of direction throughout much of the session, stocks ended Monday's trading modestly lower. The slightly lower close on the day partly offset the strength that was seen in the markets last week. The major averages ended the day below the unchanged line but off their lows for the session.

Obama To Deliver Speech On Counterterrorism Policies, Use Of Drones

President Barack Obama reportedly plans to deliver a much-anticipated speech on Thursday outlining his administration's evolving counterterrorism policies. Multiple news sources cited a White House official as saying that Obama will address the use of drones and plans to close the detention facility at Guantanamo Bay in a speech at the National Defense University.

Immigration Officers Union Expresses Opposition To Senate Bill

A second union representing immigration enforcement officers has expressed opposition to the Senate version of comprehensive immigration reform legislation, arguing that the bill fails to address the "insurmountable bureaucracy" at the agency that oversees lawful immigration to the U.S.