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A O Smith Corp V.AOS


Primary Symbol: AOS

A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. The Company operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other. The Company also manufactures expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, related products and parts. Its Lochinvar brand is a residential and commercial boiler brand in the United States. Its water softener branded products and problem well water solutions include the Hague, Impact Water, Water-Right, Master Water, Atlantic Filter and Water Tec brands.


NYSE:AOS - Post by User

Comment by gdown9on Aug 24, 2016 8:13am
120 Views
Post# 25170885

RE:Interesting article

RE:Interesting articleThanks for posting.

Here are the key quotes.   Seems to be a "done deal" ?  Anyone ?

'

In an email, the TSX said because Marquee “is being arranged, it will require a shareholder vote pursuant to corporate law.” And because Alberta Oilsands is “the acquirer in this transaction there would not be that same requirement under corporate law.”

As for TSX Venture policy, the TSX spokesperson said it does “not typically require shareholder approvals for all amalgamations/plan of arrangement type transactions and relies on corporate-security law requirements to determine what shareholder approvals should be obtained.”

'
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