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BSM Technologies Shareholders Overwhelmingly Approve Acquisition by Geotab
BSM Technologies Shareholders Overwhelmingly Approve Acquisition by Geotab Canada ...
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[{"type":"text","content":"\n\n\n\nBSM Technologies Shareholders Overwhelmingly Approve 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:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:1.17em\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.33em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 23, 2019\n\n\n\nTORONTO, May 23, 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 the results of its special meeting (the \"Meeting\") of shareholders of BSM (\"Shareholders\") held earlier today to approve the Arrangement (as defined below).\nThe purpose of the Meeting was to consider and vote upon a special resolution of Shareholders (the \"Transaction Resolution\") approving the transactions contemplated in the arrangement agreement dated April 7, 2019, (the \"Arrangement Agreement\") among BSM, 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\").\nA total of 55,324,437 common shares of BSM (\"Shares\") were present in person or represented by proxy at the Meeting, representing approximate...