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General Donlee Canada Inc Announces Closing of Plan of Arrangement With Triumph Group, Inc.

Friday, 4 Oct 2013 12:30pm EDT 

General Donlee Canada Inc announced the closing of its previously announced transaction with Triumph Group, Inc. (Triumph) pursuant to which a wholly owned subsidiary of Triumph acquired all of the issued and outstanding common shares of General Donlee. The transaction was completed pursuant to a plan of arrangement in accordance with the Canada Business Corporations Act, which was approved by the Superior Court of Justice (Ontario) on October 1, 2013. Shareholders of General Donlee approved the Arrangement on September 30, 2013. All conditions of closing have now been satisfied by both parties. The acquisition provides Triumph with 100% control of General Donlee Canada Inc. Pursuant to the Arrangement, General Donlee shareholders will receive $5.50 per General Donlee common share in cash. The transaction represents an enterprise value of approximately $114 million (approximately USD110 million). 

Company Quote

-0.49 -0.83%
5 May 2015