Marketwire
MISSISSAUGA, ONTARIO--(Marketwired - Sept. 30, 2013) - CML HealthCare Inc. ("CML") (TSX:CLC) is pleased to announce that the Plan of Arrangement (the "Arrangement"), which provides for LifeLabs Ontario Inc. (the "Purchaser") to acquire all of the issued and outstanding common shares of CML in exchange for $10.75 per common share in cash, will be effective on October 1, 2013. The closing procedures for the Arrangement were carried out today, including the Purchaser funding the depositary with the purchase price, and CML has filed Articles of Arrangement under the Business Corporations Act (Ontario) to obtain a Certificate of Arrangement.
It is expected that the CML common shares will be delisted from the Toronto Stock Exchange at the close of trading on October 2, 2013.