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Post by
luberon on Feb 14, 2020 1:54pm
VersaPay shareholders approve Great Hill takeover
VersaPay shareholders approve Great Hill takeover
2020-02-14 13:32 ET - News Release
An anonymous director reports
VERSAPAY SHAREHOLDERS OVERWHELMINGLY APPROVE PROPOSED ARRANGEMENT WITH AN AFFILIATE OF GREAT HILL PARTNERS
At a special meeting of VersaPay Corp. shareholders held today, shareholders overwhelmingly approved the proposed acquisition by 1233518 B.C. Ltd., an affiliate of Great Hill Partners, of all of the issued and outstanding common shares of the company by way of a statutory plan of arrangement under the Canada Business Corporations Act. Pursuant to the arrangement, each shareholder will receive cash consideration of $2.70 for each VersaPay share held.
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