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Stock impact report

FIRST NATIONAL ANNOUNCES SHAREHOLDER APPROVAL OF PREVIOUSLY ANNOUNCED PLAN OF ARRANGEMENT [Globe and Mail, The (Toronto, Canada)]

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
announced the voting results from its special meeting of holders (the " Shareholders ") of common shares (the " Shares ") of First National held today (the " Meeting ") in connection with the previously-announced plan of arrangement under the Business Corporations Act (Ontario) (the " Arrangement "), pursuant to which a newly-formed acquisition vehicle (the " Purchaser ") controlled by private equity funds managed by Birch Hill Equity Partners Management Inc. and private equity funds managed by Brookfield Asset Management will acquire all of the outstanding Shares, other than certain Shares owned by the Company's founders, Stephen Smith and Moray Tawse (together with their associates and affiliates, the " Rollover Shareholders "), for $48.00 per Share in cash (the " Transaction Read more at newswire.ca This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more i Show less Read more
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