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Fuel Systems Stockholder Meeting Scheduled For Tuesday, May 31
Fuel Systems Stockholder Meeting Scheduled For Tuesday, May 31 Fuel Systems Stockh...
About this update from Westport Fuel Systems, Inc.
[{"type":"text","content":"\n\n\n\nFuel Systems Stockholder Meeting Scheduled For Tuesday, May 31\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nFuel Systems Stockholder Meeting Scheduled For Tuesday, May 31\nCanada NewsWire\nVANCOUVER, May 2, 2016\n\n\n\n~ Fuel Systems' Board of Directors recommends Fuel Systems stockholders vote \"FOR\" the Merger with Westport ~\n\n~ Compelling merger edging closer to completion ~\n\n\n\nVANCOUVER, May 2, 2016 /CNW/ - Westport Innovations Inc. (TSX: WPT / Nasdaq: WPRT) (\"Westport\"), engineering the world's most advanced natural gas engines and vehicles, reported today that Fuel Systems Solutions, Inc. (Nasdaq: FSYS) (\"Fuel Systems\") has scheduled its Special Meeting of Stockholders to vote on the proposed business combination between Westport and Fuel Systems (the \"Merger\") for May 31, 2016. The Fuel Systems Board of Directors is recommending that Fuel Systems stockholders vote \"FOR\" the proposal to adopt the amended merger agreement, which is necessary to complete the Merger.\n\nThe approval is one of the final steps to completing this transaction and follows the Special Meeting of Westport Shareholders, at which 95% of votes cast were in favour of the resolution relating to the Merger. \n\n\"Westport's leadership team brings a thorough and strategic plan to achieve synergies and drive growth. Our position is clear: we believe the Merger will provide long-term value to shareholders of Westport and Fuel Systems along with benefits for customers, business partners and employees. The combined company will bring together a complementary mix of products, technology and R&D; strong customer relationships; and talented employee bases, representing a compelling and unique opportunity to create one of the world's premier fuel, vehicle and engine companies,\" says David Demers, CEO of Westport.\n\n\"Our shareholders have spoken and clearly believe, as do we, that this merger will create a stronger company with greater scale, global reach and substantial synergies. We look forward to working together as one company as we awai...