Capstone Infrastructure Corporation has announced:
that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement (the “Arrangement”) under which, among other things, Irving Infrastructure Corp., a subsidiary of iCON Infrastructure Partners III, L.P. (“iCON III”), a fund advised by London, UK-based iCON Infrastructure LLP (“iCON Infrastructure”), is to acquire all issued and outstanding common shares of Capstone (“common shares”) and Class B exchangeable units of Capstone’s subsidiary MPT LTC Holding LP (“Class B units”) for $4.90 cash per share or unit, as applicable.
The Arrangement was previously approved by Capstone securityholders at Special Meetings held earlier this month.
Capstone expects the Arrangement to be completed by early May of 2016 following fulfillment of certain closing conditions and receipt of regulatory approvals.
Capstone’s intent to proceed with the sale has been discussed on PrefBlog.
There has been no relevant commentary from S&P, the company’s sole credit rater.
This entry was posted on Wednesday, March 23rd, 2016 at 8:56 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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CSE.PR.A Ownership Change One Step Closer
Capstone Infrastructure Corporation has announced:
Capstone’s intent to proceed with the sale has been discussed on PrefBlog.
There has been no relevant commentary from S&P, the company’s sole credit rater.
This entry was posted on Wednesday, March 23rd, 2016 at 8:56 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.