Park Lawn (TSE:PLC) has released an update.
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Park Lawn Corporation shareholders have overwhelmingly approved a privatization plan at a special meeting, with the company’s common shares set to be acquired by Viridian Acquisition Inc. for $26.50 each. The expected effective date for the arrangement is on or about August 9, 2024, pending a final court order and other customary closing conditions. Following the completion of the deal, Park Lawn’s shares and debentures will be delisted from the Toronto Stock Exchange.
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