Fenix Parts Stockholders Approve Merger Agreement with Stellex Capital Management LP
FENIX PARTS (FENX)
US:NASDAQ Investor Relations:
ir.fenixparts.com
Company Research
Source: GlobeNewswire
WESTCHESTER, Ill., April 09, 2018 (GLOBE NEWSWIRE) -- Fenix Parts, Inc. (Pink Sheets:FENX), a leading recycler and reseller of original equipment manufacturer (“OEM”) automotive products (the “Company”), today announced that Fenix Parts’ stockholders approved the previously announced merger agreement with an affiliate of Stellex Capital Management LP (“Stellex”) at a special meeting of stockholders held earlier today. Approximately 92% of voting Fenix Parts stockholders cast their votes in favor of the merger, representing approximately 63% of Fenix Parts’ outstanding common stock as of the record date for the special stockholder meeting. Upon completion of the transaction, Fenix Parts stockholders will receive an amount in cash equal to $0.40 per share of Fenix Parts common stock. The transaction remains subject to customary closing conditions and is expected to close this month, at which time Fenix Parts will become a private company and its common stock will no longer trade on
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