- FAX Capital Corp. (FXC) has announced that Fax Investments Inc. has indirectly acquired all of the issued and outstanding subordinate voting shares of the company
- These involve shares other than the subordinate voting shares already owned by Fax Investments or Blair Driscoll
- Subordinate voting shares were purchased for a price of $5.18 per share
- Holders of purchased subordinate voting shares will receive payment as soon as possible
- Fax Capital Corp. is an investment holding company
- FAX Capital Corp. opened trading at $5.17 per share
FAX Capital (FXC) has announced that Fax Investments has indirectly acquired all of the issued and outstanding subordinate voting shares of the company.
The shares involved include those other than the subordinate voting shares already owned by Fax Investments or Blair Driscoll.
Subordinate voting shares were purchased for a price of $5.18 per share.
Holders of the purchased subordinate voting shares will receive payment as soon as possible.
Registered holders of subordinate voting shares can submit their share certificates along with a completed letter of transmittal to receive the cash consideration.
Shareholders of the company who hold their subordinate voting shares through a broker are not required to submit a letter of transmittal. Such shareholders should receive the cash consideration through their brokerage account and should contact their broker with any questions.
As a result of the transaction, the subordinate voting shares will be voluntarily de-listed from the Toronto Stock Exchange.
Furthermore, Fax Investments plans to cause the company to submit an application to cease to be a reporting issuer under applicable Canadian securities law and to otherwise terminate the company’s public reporting requirements.
Fax Capital Corp. is an investment holding company.
FAX Capital Corp. opened trading at $5.17 per share.
