For KKR share holders interest Copied and pasted from newswire.ca
Transaction and the Plan of Arrangement
The Transaction will be effected by way of a court-approved plan of arrangement under the CBCA, requiring the approval of 66 % of the votes cast by Karora shareholders at the annual and special meeting of shareholders of Karora ("Shareholder Meeting"), and if required under Canadian law, a simple majority of the votes cast by Karora shareholders excluding for this purpose the votes held by any person required under Multilateral Instrument 61-101. Karora expects to call a Shareholder Meeting to be held in July 2024 to seek approval for the Transaction. Closing of the Transaction is currently expected to occur in late July 2024.
The Agreement may be terminated in certain circumstances including (but not limited to) by either party if the Transaction is not approved by shareholders or if certain third party consents and approvals are not obtained, if the Transaction is not completed by 30 September 2024 (unless extended by the parties), if a party breaches its representations and warranties or fails to perform any covenants or a there has occurred a material adverse effect to the other party that is not capable of being cured by 30 September 2024, or if either party enters into a superior proposal.