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BSM Technologies Files Information Circular for Special Meeting to Obtain Shareholder Approval of Acquisition by Geotab
BSM Technologies Files Information Circular for Special Meeting to Obtain Shareholder Appr...
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[{"type":"text","content":"\n\n\n\nBSM Technologies Files Information Circular for Special Meeting to Obtain Shareholder Approval of Acquisition by Geotab\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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, April 25, 2019\n\n\n\nTORONTO, April 25, 2019 /CNW/ - BSM Technologies Inc. (TSX:GPS) (\"BSM\" or the \"Corporation\"), a leading provider of Internet of Things (IoT) enabled telematics and asset management solutions, is pleased to announce that it has filed a management information circular (the \"Information Circular\") and related proxy materials in advance of the special meeting (the \"BSM Meeting\") of shareholders of BSM (\"BSM Shareholders\") to be held on May 23, 2019, to, among other things, obtain BSM Shareholder approval of the Arrangement (as defined below). The Information Circular is now in the process of being mailed to BSM Shareholders to provide them with information about the proposed Arrangement.\nA copy of the Information Circular and related proxy materials are available on SEDAR (www.sedar.com) under BSM's issuer profile.\nThe Interim Order \nThe Corporation is also pleased to announce that it has obtained an interim order from the Ontario Superior Court of Justice (Commercial List) dated April 23, 2019, with respect to its previously-announced arrangement with Geotab Inc. (\"Geotab\") and 2689285 Ontario Inc. (\"Geotab Subco\"), a wholly-owned subsidiary of Geotab, pursuant to which, among other things, Geotab Subco will acquire all of the issued and outstanding common shares of BSM not already owned by Geotab by way of a court-approved plan of arrangement (the \"Arrangement\"). The interim order, among other things, authorizes BSM to call and hold the BSM Meeting to approve the Arrangement. \nThe hearing date for the application for the f...