Student Transportation Obtains Final Order Approving Plan of Arrangement
STUDENT TRANS (STB)
US:NASDAQ Investor Relations:
ridestbus.com/investor.cfm
Company Research
Source: GlobeNewswire
TORONTO, April 25, 2018 (GLOBE NEWSWIRE) -- Student Transportation Inc. (TSX:STB) (NASDAQ:STB) (“STI” or the “Company”) is pleased to announce that it has obtained a final court order from the Ontario Superior Court of Justice approving its previously announced arrangement (the “Arrangement”) with Spinner Can Acquireco Inc. (the “Purchaser”), a company sponsored by Caisse de dépôt et placement du Québec and Ullico Inc. The Arrangement is expected to close on or about Friday, April 27, 2018, subject to the satisfaction or waiver of all conditions to the Arrangement. Following completion of the Arrangement, STI will be de-listed from the TSX and the NASDAQ and applications will be made for STI to cease to be a reporting issuer in each of the provinces and territories of Canada. Pursuant to the terms of the Arrangement, each holder of common shares in the capital of the Company will receive US$7.50 in cash. Assuming the Arrangement closes on April 27, 2018, the holders of the Compan
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