* Deal valued at about C$19 mln
* MediSolution board unanimously approved deal
* MediSolution shares up 51 pct
March 16 Information technology company
MediSolution Ltd MSH.TO agreed to be taken private by its
controlling stakeholder, Brookfield Asset Management Inc
(BAMa.TO)(BAM.N), in an all-cash deal worth about C$19 million
Brookfield will acquire all outstanding shares of
MediSolution that it does not already own for 30 Canadian cents
a share, representing a premium of about 54 percent over
MediSolution's closing price on Friday.
The companies said the deal would be effected through an
amalgamation of MediSolution and a newly incorporated company
wholly-owned by Brookfield.
Each MediSolution shareholder, other than Brookfield and
its affiliates, will receive one redeemable preferred share of
the amalgamated company for each share held immediately prior
to the amalgamation.
Shares of MediSolution were up more than 51 percent at 30
Canadian cents, while Brookfield shares were up 2 percent at
C$17.85, in morning trade on the Toronto Stock Exchange.
($1=1.269 Canadian Dollar)
(Reporting by Isheeta Sanghi in Bangalore; Editing by Himani