Business
AFS ACQUISITION CO. INC. ACQUIRES ADDITIONAL 8.82% OF ALTERNATIVE FUEL SYSTEMS (2004) INC.; PLANS COMPULSORY ACQUISITION OF REMAINING SHARES
May 31, 2011 (Canada NewsWire Group) -- CALGARY and NEW YORK, May 31, 2011 /CNW/ - Fuel Syste...
About this update from Arctic Fox Lithium Corp
[{"type":"text","content":"\n\n\n May 31, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY and NEW YORK, May 31, 2011 /CNW/ - Fuel Systems Solutions, Inc.\n ("Fuel Systems") (Nasdaq: FSYS) and Alternative Fuel Systems (2004) Inc. ("AFS") (TSXV: AFX) today announced that AFS Acquisition Co. Inc. (the "Offeror"), a wholly-owned indirect subsidiary of Fuel Systems, took up and\n accepted for payment an additional 1,661,507 common shares of AFS ("AFS Shares"), representing approximately 8.82% of the outstanding AFS Shares on a\n fully-diluted basis, pursuant to its previously announced offer to\n acquire all of the outstanding AFS Shares, including all AFS Shares\n that may be issued on the exercise of options granted under AFS's stock\n option plan, at a price of Cdn.$0.50 in cash per AFS Share by way of a\n formal take-over bid (the "Offer").\n\n\nThe AFS Shares taken up today are in addition to the 15,704,867 AFS\n Shares acquired by the Offeror under the Offer on May 17, 2011.  The\n Offeror will, upon payment for the AFS Shares taken up today, own\n approximately 92.15% of the outstanding AFS Shares on a fully-diluted\n basis.  The Offer has now expired and the Offeror intends to commence a\n compulsory acquisition under the Business Corporations Act (Alberta) for the remaining AFS Shares on or about June 1, 2011.\n\n\nThe purpose of the Offer was to enable the Offeror to acquire (and its\n direct and indirect parents, IMPCO Technologies...