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Article: Cinram International Inc. Receives 99.96% Shareholder Approval of Plan of Arrangement to Convert to Income Trust Structure.
- Article from:
- PR Newswire
- Article date:
- April 28, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, April 28 /PRNewswire-FirstCall/ -- Cinram International Inc. (the "Company") (TSX: CRW) is pleased to announce that it has received 99.96% shareholder approval of the plan of arrangement ("the Arrangement") to convert the Company into Cinram International Income Fund. The Arrangement required approval by two- thirds of the votes cast at the shareholders' meeting held earlier today.
As previously announced, the Arrangement is subject to a number of conditions, including, but not limited to, the requirement that shareholders that are non-residents of Canada hold no more than 40% of total shares outstanding prior to the effective time. Cinram is scheduled ...