Business
Century II Holdings Inc. Announces Definitive Agreement with TransForce Income Fund
Century II Holdings Inc. Announces Definitive Agreement with TransForce Income Fund.
About this update from Futuregen Industries Corp.
[{"type":"text","content":"\n\n\n\nTSX Symbol: CH\n\n\nTORONTO, Sept. 14 /CNW/ - Century II Holdings Inc. ("Century") announces\nthe signing of a definitive agreement with TransForce Income Fund\n("TransForce") (TSX: TIF:UN) pursuant to which TransForce will acquire all of\nthe issued and outstanding shares in the capital of Century for a fixed price\nof $10.20 per share.\n\n\nCompletion of the previously-announced transaction is subject to\ncustomary conditions, including approval by a two-thirds vote of Century's\nshareholders, regulatory approval, receipt of a satisfactory opinion from an\nindependent financial advisor as to the fairness of the transaction to the\nshareholders of Century, and the entering into of satisfactory support\nagreements between TransForce and the two major shareholders of Century,\nnamely The Millard Group Inc. and Jaguar Financial Inc., by September 19,\n2007. A special meeting of shareholders of Century will be held on October 25,\n2007, prior to which Century will mail a management information circular to\nits shareholders containing information relative to the transaction.\n\n\nThe Special Committee of independent directors of Century, which was\nestablished to lead negotiations with TransForce, and the Board of Directors\nof Century, approved the definitive agreement with TransForce.\n\n\nThis news release is for information purposes only and is not a\nsubstitute for the formal documentation related to the transaction.\n\n\nThis news release may contain statements which are deemed to be\n"forward-looking statements". Readers are cautioned not to place undue\nreliance on forward-looking statements. Actual results and developments may\ndiffer materially from those contemplated by these statements depending on,\namong other things, the risk that the TransForce Offer will be unsuccessful\nfor any reason. The forward-looking statements contained in this news release\nare made as of the date of this news release and Century does not undertake\nany obligation to update publicly or revise any of the forward looking\nstatements contained in this news release, whether it's a result of new\ninformation, future events or otherwise, except as required by law. The\nforward-looking statements contained in this news release are expressly\nqualified with this cautionary note.\n\n\nAbout Century II Holdings In...