United States

HNZ Group Inc. to be acquired by president and CEO Don Wall and Phi Inc.

Tuesday, 31 Oct 2017 07:35am EDT 

Oct 31 (Reuters) - HNZ Group Inc. :HNZ Group Inc. To be acquired by president and CEO don wall and Phi, Inc..HNZ Group Inc. - ‍shareholders to receive cad$18.70 in cash per share​.HNZ Group Inc. - ‍arrangement values HNZ at approximately CAD$242.4 million​.HNZ Group - CEO ‍Don Wall, through a wholly-owned acquisition co, to acquire all of issued and outstanding common and variable voting shares of co.Says ‍arrangement has also been approved unanimously by board of directors of Phi​.HNZ Group-under deal, Phi to acquire from canadian purchaser part of Co's offshore business in New Zealand, Australia, Philippines, Papua New Guinea​.HNZ Group-‍termination fee of C$6.5 million payable to Phi & expense reimbursement fee of up to C$1 million payable to canadian purchaser in some circumstances​.HNZ Group Inc. - ‍acquisition to occur by way of a statutory plan of arrangement. 

Company Quote

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17 Nov 2017