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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: Thomson Reuters StreetEvents

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PortX Operacoes Portuarias SA Updates on Merger by Incorporation by MMX Mineracao e Metalicos SA and Subsequent Delisting

Thursday, 16 Aug 2012 08:30am EDT 

PortX Operacoes Portuarias SA (PortX) announced that on August 13, 2012, ended the period for the exercise of the withdrawal right for shareholders dissident from the merger incorporation of the Company by its controlling company MMX Mineracao e Metalicos SA (MMX) approved on July 11, 2012. The right was provided to shareholders between July 13, 2012 and August 13, 2012. As previously announced, the exchange ratio of shares of PortX for shares of MMX will be of 0.5042 shares of MMX for each one share of the Company. Thus, the last date of trading of shares of the Company at BM&Bovespa SA will be August 17, 2012. Shares of PortX will no longer be traded as from August 20, 2012. 

Company Quote

0.06 +4.38%
4:10pm EDT