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Solium Capital Inc. Receives Key Regulatory Approvals for Arrangement with Morgan Stanley
Solium Capital Inc. Receives Key Regulatory Approvals for Arrangement with Morgan Stanley ...
About this update from Summit Royalties Ltd
[{"type":"text","content":"\n\n\n\nSolium Capital Inc. Receives Key Regulatory Approvals for Arrangement with Morgan Stanley\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\nCanada NewsWire\nCALGARY, April 29, 2019\n\n\n\nCALGARY, April 29, 2019 /CNW/ - Solium Capital Inc. (Solium or the Company) (TSX:SUM) is pleased to announce that it has received all of the key regulatory approvals required for its plan of arrangement (the Arrangement) with Morgan Stanley. Pursuant to the Arrangement, Morgan Stanley, through a wholly-owned subsidiary, has agreed to acquire all of the outstanding common shares of Solium for CAD$19.15 per share. Obtaining these key regulatory approvals is one of the conditions to completing the Arrangement. As previously announced, the Arrangement was approved by Solium's securityholders at a special meeting held on April 15, 2019 and by the Court of Queen's Bench of Alberta.  \nWith all of the key conditions necessary to complete the acquisition satisfied, Solium and Morgan Stanley intend to complete the acquisition on May 1, 2019. The Company has applied to de-list Solium's shares from the Toronto Stock Exchange at the close of trading on the closing date.\nSolium reminds its registered shareholders to complete the letter of transmittal that was previously sent to them in order to receive the consideration payable under the Arrangement. Once completed, the letter of transmittal and all accompanying documents should be returned to TSX Trust Company in accordance with the instructions set out in the letter of transmittal. A copy of the letter of transmittal is available under the Company's issuer profile on SEDAR at www.sedar.com.   \nAdvisories\nForward-looking statements\nThe statements in this press release regarding the completion and timing of the Arrangement constitute \"forward-looking statements\". Such statements are subject to certain risks, uncertainties and assumptions, including general business and economic conditions, the overall performance of the stock market and the regulatory environment. Although Solium believes that the expectations refle...