TSX Symbol: CH
TORONTO, Oct. 25 /CNW/ - Century II Holdings Inc. ("Century") today confirmed that its proposed amalgamation with two indirect subsidiaries of TransForce Income Fund ("TransForce") (TSX: TIF:UN) was approved today at a Special Meeting of Shareholders by 99.9% of the votes cast. The transaction is expected to close within two weeks. Upon completion, Century will become an indirect, wholly-owned subsidiary of TransForce and shareholders of Century will receive cash consideration of $10.20 for each common share of Century held immediately prior to the amalgamation.
This news release may contain statements which are deemed to be "forward-looking statements". Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risk that the TransForce Offer will be unsuccessful for any reason. The forward-looking statements contained in this news release are made as of the date of this news release and Century does not undertake any obligation to update publicly or revise any of the forward looking statements contained in this news release, whether it's a result of new information, future events or otherwise, except as required by law. The forward-looking statements contained in this news release are expressly qualified with this cautionary note.
About Century II Holdings Inc. (TSX Symbol: CH)
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Century II Holdings Inc. is a publicly listed holding company whose wholly-owned subsidiary, ICS Courier, operates a structured route courier business servicing in excess of 35,000 accounts largely in the insurance, financial, travel, optical, dental and hearing appliance business sectors across Canada.
Certain statements in this press release constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance and achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, competition and technological changes. These factors and other risks and uncertainties are discussed in the Company's Annual Report for the year ended December 31, 2006 and in the subsequent reports filed by the Company with the Ontario Securities Commission.
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