Actua Files Definitive Proxy Materials for Approval of Plan of Dissolution
ACTUA CORP (ACTA)
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Source: GlobeNewswire
RADNOR, Pa., March 16, 2018 (GLOBE NEWSWIRE) -- Actua Corporation (OTCQB:ACTA) filed definitive proxy materials with the U.S. Securities and Exchange Commission (SEC) today in connection with its special meeting of stockholders to approve a plan of dissolution that was approved by Actua’s Board of Directors in February 2018. Actua sold its interests in VelocityEHS Holdings Inc. and BOLT Solutions Inc. in the fourth quarter of 2017 and sold Folio Dynamics Holdings, Inc. in the first quarter of 2018. In light of the successful consummation of those transactions, its distribution of a substantial portion of the net proceeds from those transactions, and its desire to cease operations, Actua’s Board has recommended that Actua wind down its operations, monetize its remaining holdings and other assets and enter into a formal plan of dissolution. The Board has unanimously determined that the plan of dissolution is advisable, and encourages Actua stockholders to vote to approve it. The spe
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