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Canadian Equipment Rental Fund Limited Partnership Approves Reorganization and Related Matters
Canadian Equipment Rental Fund Limited Partnership Approves Reorganization and Related Matters
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[{"type":"text","content":"\n\n\n\n Sep. 23, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nTSX Venture Symbol: CFL.UN\n\nCALGARY, Sept. 23 /CNW/ - CERF GP Corp., the general partner of Canadian Equipment Rental Fund Limited Partnership ("CERF LP" or the "Partnership"), is pleased to announce that the unitholders of the Partnership have approved, by 100% of the votes cast at the special meeting of the Partnership, all of the matters set out in the management information circular of the Partnership dated August 18, 2010 (the "Circular"), namely, the asset purchase and sale agreement to be dated as of October 1, 2010 between the Partnership, as vendor, and 4-Way Equipment Rentals Corp. ("4-Way"), as purchaser, pursuant to which the Partnership will sell, assign and transfer to 4-Way, all of the Partnership's right, title, estate and interest in and to the entirety of its assets and undertaking including all property, assets, rights and undertaking relating to the business of the Partnership, in consideration for the issuance of Class "A" Common shares in the capital of 4-Way to the Partnership, and 4-Way will become a wholly-owned subsidiary of the Partnership, all as more particularly described in the Circular (collectively, the "Reorganization") as well as the Second Amending Agreement to the Limited Partnership Agreement of the Partnership, as amended, and Amendment No. 1 to the Unit Option Plan of the Partnership. The Reorganization is expected...