Business
Court Approves Aecon Plan of Arrangement
Court Approves Aecon Plan of Arrangement Canada NewsWire TORONTO, Dec. 22, 2017 ...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\n\nCourt Approves Aecon Plan of Arrangement\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 22, 2017\n\n\n\nTORONTO, Dec. 22, 2017 /CNW/ - Aecon Group Inc. (TSX: ARE) today announced that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced Plan of Arrangement pursuant to which CCCC International Holding Limited (CCCI), will acquire all of the issued and outstanding common shares of Aecon (the \"Arrangement\"). \n\nCompletion of the arrangement remains subject to other customary closing conditions for a transaction of this nature, including approval under the Investment Canada Act. Assuming the satisfaction or waiver of these closing conditions, the arrangement is expected to close by the end of the first quarter of 2018.\n\nAbout Aecon\n\nAecon Group Inc. (TSX: ARE) is a Canadian leader and partner-of-choice in construction and infrastructure development. Aecon provides integrated turnkey services to private and public sector clients in the Infrastructure, Energy and Mining sectors and provides project management, financing and development services through its Concessions segment. For more information, please visit www.aecon.com and follow us on Twitter at @AeconGroup.\n\nStatement on Forward-Looking Information\n\nThe information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. More particularly and without limitation, this press release contains forward-looking statements and information concerning: the anticipated benefits of the transaction to the parties, to Aecon shareholders and certain of the countries in which Aecon operates; the timing and anticipated receipt of required regulatory approvals for the transaction; the ability of the parties to satisfy the other conditions to, and to complete, the transaction; and the anticipated timing for the closing o...