LMI Aerospace Shareholders Approve Merger Agreement for Acquisition by Sonaca Group
LMI AEROSPACE (LMIA)
Last lmi aerospace earnings: 5/10 06:00 am
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Source: GlobeNewswire
Key milestone to create a global aerostructures leaderTransaction expected to close by end of June pending remaining regulatory approvalsMore than 99.4 percent of voting shareholders approved merger ST. LOUIS, June 08, 2017 (GLOBE NEWSWIRE) -- LMI Aerospace Inc. (Nasdaq:LMIA) shareholders, at a special meeting held today, approved the merger agreement for the Sonaca Group’s acquisition of LMI. Under the terms of the agreement, LMI shareholders will be entitled to receive $14 per share in cash at the closing of the transaction. “Shareholder approval is an essential milestone toward closing this transaction,” said Dan Korte, LMI Aerospace chief executive officer. “With the strong support our shareholders gave today, we are one step closer to building a bright future together with the Sonaca Group.” “We look forward to welcoming LMI Aerospace to the Sonaca Group,” said Bernard Delvaux, Sonaca chief executive officer. “As complementary businesses with different core customers, we see
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