BBTV Holdings Receives Final Order Approving Plan of Arrangement
VANCOUVER, BC, Dec. 14, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the "Company") is pleased to announce that, on December 14, 2023, the Supreme Court of British Columbia issued a final order approving the previously announced going-private transaction by way of a statutory plan of arrangement (the "Arrangement") under section 192 of the Canada Business Corporations Act.
- VANCOUVER, BC, Dec. 14, 2023 /PRNewswire/ - BBTV Holdings Inc. (TSX: BBTV) ("BBTV" or the "Company") is pleased to announce that, on December 14, 2023, the Supreme Court of British Columbia issued a final order approving the previously announced going-private transaction by way of a statutory plan of arrangement (the "Arrangement") under section 192 of the Canada Business Corporations Act.
- All accrued and unpaid interest owing on the Convertible Debentures will be forgiven, settled and extinguished for no consideration.
- Following the acquisition, the Company and the Purchaser will amalgamate to form an amalgamated company with the same name as BBTV.
- The Arrangement remains subject to final approval of the TSX, and certain other customary closing conditions.