ShawCor Ltd. - News Release

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[{"type":"text","content":"\n\n\n\n\n(TSX: SCL.SV.A, SCL.MV.B)\n\nTORONTO, March 30 /CNW/ - ShawCor Ltd. (TSX: SCL.SV.A, SCL.MV.B)\nannounced that it has made an unsolicited approach to Garneau Inc. concerning\na possible transaction whereby ShawCor would acquire all of the outstanding\nshares of Garneau Inc. other than shares held by certain members of the\nGarneau family. It is anticipated that such a transaction would proceed by way\nof a plan of arrangement to be approved by shareholders of Garneau Inc.\nShawCor has been granted a limited period of exclusivity to negotiate and\nsettle the terms of a definitive agreement with Garneau Inc. While discussions\nare ongoing, no binding agreement has been entered into by the parties.\n\n\n\n","length":778,"tagName":"div"}]

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