Solium Capital Inc. Enters Into Arrangement Agreement with Morgan Stanley
CALGARY, Feb. 11, 2019 - Solium Capital Inc. (Solium or the Company) (TSX: SUM) is pleased to announce that the Company has entered into a definitive arrangement agreement (the Arrangement Agreement) with Morgan Stanley under which Morgan Stanley, through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Solium (Solium Shares), subject to the approval of the Solium shareholders.
Under the terms of the Arrangement Agreement, Morgan Stanley will acquire Solium's Shares in an all cash purchase pursuant to an arrangement under the Business Corporations Act (Alberta) (the Arrangement) and pay CAD$19.15 for each Solium Share (the Purchase Price). The total transaction is valued at approximately CAD$1.1 billion.
- Published: 11 February 2019
- Written by Editor