Sleep Country Canada Acquisition Approved by Shareholders

Sleep Country Canada Hldg (TSE:ZZZ) has released an update.

Sleep Country Canada Holdings Inc. has announced that its shareholders have overwhelmingly approved a buyout arrangement by Fairfax Financial Holdings Limited’s subsidiary, with a purchase price set at $35.00 per common share. The approval, meeting both majority and minority shareholder requirements, paves the way for the acquisition, subject to regulatory approval and court sanctioning, with an expected closing date around October 1, 2024.

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