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Shareholders of Clearwater Approve Arrangement with Premium Brands Holdings Corporation and a Mi'kmaq First Nations' Coalition
Shareholders of Clearwater Approve Arrangement with Premium Brands Holdings Corporation a...
About this update from Premium Brands Holdings Corporation
[{"type":"text","content":"\n \n \n \n Shareholders of Clearwater Approve Arrangement with Premium Brands Holdings Corporation and a Mi'kmaq First Nations' Coalition\n \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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n Jan. 7, 2021\n \n /CNW/ - Clearwater Seafoods Incorporated (\"\n \n \n Clearwater\n \n \n \" or the \"\n \n Company\n \n \") (TSX: CLR) announced today that, at its special meeting (\"\n \n Meeting\n \n \") of shareholders held today, shareholders of\n \n Clearwater\n \n voted to approve the previously announced plan of arrangement pursuant to the\n \n Canada Business Corporations Act\n \n (the \"\n \n Arrangement\n \n \").  Pursuant to the Arrangement, FNC Holdings Limited Partnership (\"\n \n FNC Holdings\n \n \"), representing a coalition of Mi'kmaq First Nations (the \"\n \n Participating Communities\n \n \") and Premium Brands Holdings Corporation (\"\n \n Premium Brands\n \n \") (TSX: PBH), through a new equally owned corporation, 12385104 Canada Inc., will, among other things, acquire all of the issued and outstanding common shares of Clearwater (the \"\n \n Shares\n \n \") at a price of\n \n $8.25\n \n per Share.\n \n \n \n \n \n \n \n \n \n The Arrangement required approval by the affirmative vote of at least two-thirds of the votes cast by holders of the Shares represented in person or by proxy at the Meeting.  Of the votes cast at the Meeting with respect to the Arrangement, a total of 45,812,801 Shares were voted in favour of the Arrangement, representing approximately 99.89% of the votes cast on the special resolution approving the Arrangement.  Clearwater's full report of voting results will be filed under\n \n Clearwater's\n \n issuer profile at\n \n www.sedar.com\n \n .\n \n \n Approval of the Arrangement under the\n \n Competition Act\n \n was received\n \n January 6\n \n , 2021.\n \n Clearwater\n \n intends to seek a final order of the Supreme Court of\n \n Nova Scotia\n \n (the \"\n \n Court\n \n \") to approve the Arrangement at a hearing to be held on\n \n Friday, January 8,...