Business
FIRST NATIONAL ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT
First National Financial Corporation (the "Company" or "First National") (TSX: FN) (TSX: FN.PR.A) (TSX: FN.PR.B) today announced the voting results from its special meeting of holders (the "Shareholders") of common shares (the "Shares") of First National held today (the "Meeting") in connection with the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to which a newly-formed acquisition vehicle (the "Purchaser") controlled by pr
About this update from First National Corporation
[{"type":"text","content":"TORONTO, Sept. 30, 2025 /CNW/ - First National Financial Corporation (the "Company" or "First National") (TSX: FN) (TSX: FN.PR.A) (TSX: FN.PR.B) today announced the voting results from its special meeting of holders (the "Shareholders") of common shares (the "Shares") of First National held today (the "Meeting") in connection with the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the "Arrangement"), pursuant to which a newly-formed acquisition vehicle (the "Purchaser") controlled by private equity funds managed by Birch Hill Equity Partners Management Inc. and private equity funds managed by Brookfield Asset Management will acquire all of the outstanding Shares, other than certain Shares owned by the Company's founders, Stephen Smith and Moray Tawse (together with their associates and affiliates, the "Rollover Shareholders"), for $48.00 per Share in cash (the "Transaction").","length":1023,"tagName":"p"},{"type":"image","alt":"First National Financial Corporation Logo (CNW Group/First National Financial Corporation)","displaySize":"","headline":null,"caption":"First National Financial Corporation Logo (CNW Group/First National Financial Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":156,"url":"https://media.zenfs.com/en/cnwgroup.com/37337f45f867bb38e0aca5771b7c0de6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/BieHQlK_Qtc6l7czpDLk_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI3NTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/37337f45f867bb38e0aca5771b7c0de6","width":400,"height":156}},"href":"https://mma.prnewswire.com/media/2786362/First_National_Financial_Corporation_FIRST_NATIONAL_ANNOUNCES_SH.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Arrangement requires (i) the approval of 66 2/3% of the votes cast by Shareholders (including the Rollover Shareholders) present or represented by proxy and entitled to vote at the Meeting and (ii) the approval of a simple majority (more than 50%) of the votes cast by Shareholders present or represented by proxy and entitled to vote at the Meeting, other than the Rollover Shareholders and any other person required to be excluded from such vote for the purpose of Multilateral ...