- GVIC Communications Corp. (GCT) announces final court approval of the plan of arrangement with Glacier Media Inc. and effective date of March 31, 2021
- Glacier Media Inc. will acquire all of the Class B voting common shares and Class C non-voting shares of GVIC
- Glacier Media Inc. is a growth-focused information & marketing solutions company
- GVIC Communications Corp. (GCT) is currently in the grey and is trading at C$0.40 at 3:54 pm ET
GVIC Communications Corp. (GCT) obtained a final order approving GVIC’s previously announced plan of arrangement.
Under the terms of the plan, Glacier Media Inc. will acquire all of the Class B voting common shares and Class C non-voting shares of GVIC.
The Class C non-voting shares of GVIC are not currently held by Glacier and its subsidiary, or by a wholly-owned limited partnership of GVIC, resulting in GVIC becoming a subsidiary of Glacier.
Each GVIC B Share and GVIC C Share will be exchanged for 0.8 of a common share of Glacier.
Glacier Media Inc. is a growth-focused information & marketing solutions company.
Sectors the company works in include agriculture, mining & metals, regional business, real estate, environmental, regulatory, community, and weather.
Glacier Media also delivers news, market analysis, data-rich intelligence and a range of marketing solutions to international audiences.
Glacier’s products and services are focused on two areas:
- data, analytics and intelligence
- content & marketing solutions
GVIC Communications Corp. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value.
GVIC Communications Corp. (GCT) is currently in the grey and is trading at C$0.40 at 3:54 pm ET.