Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, June 23, 2011
Wed, June 22, 2011 Marsulex Inc. Shareholders Approve Arrangement Resolution at Special Meeting
TORONTO, June 22, 2011 /CNW/ - Marsulex Inc. (TSX: MLX) is pleased to announce the results of its special meeting of shareholders held earlier today.
At the meeting, Marsulex shareholders considered and approved an arrangement which involves the acquisition by a wholly-owned subsidiary of Chemtrade Logistics Income Fund of all of Marsulex's outstanding common shares.
The arrangement requires approval by the Ontario Superior Court of Justice that the arrangement, among other things, is fair and reasonable to Marsulex shareholders. Assuming Court approval is granted and the other conditions to closing are satisfied, Marsulex anticipates that the arrangement will be effective on June 24, 2011.
For further details on the above matters, please refer to Marsulex's management proxy circular dated May 19, 2011 filed under Marsulex's corporate profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at [ www.sedar.com ]. The Corporation will be filing a report on voting results at the Meeting on SEDAR.
Marsulex Inc., which is based in Toronto, Ontario, is a leading provider of industrial services, including environmental compliance solutions for air quality control, processing or handling of industrial by-products or waste streams, and is a producer and marketer of sulphur-based industrial chemicals. The Company's services and products are provided to a broad base of industrial customers in a wide range of industries. Website: [ www.marsulex.com ]
Information in this news release that is not current or historical factual information may constitute forward-looking information, including future-oriented financial information and financial outlooks, within the meaning of securities laws. This information is based on certain assumptions regarding expected growth, results of operations, performance, and business prospects and opportunities (collectively, the "Assumptions"). While the Company considers these Assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Forward-looking information is subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from what the Company currently expects. These risks, uncertainties and other factors include, but are not limited to: the Company's ability to renegotiate contracts; the impact of acquisitions and growth opportunities; the timing and market acceptance of future products; competition in the Company's markets; the Company's reliance on customers; fluctuations in currency and exchange rates; commodity prices or interest rates; the Company's ability to maintain good relations with its employees; changes in the law or regulations regarding the environment or other environmental liabilities; the Company's ability to integrate acquisitions; the Company's ability to protect its intellectual property; and the outcome of a strategic review (collectively, the "Risks"). For more exhaustive information on these Risks you should refer to our Company's filings with the securities regulatory authorities, including the Company's most recently filed annual information form, which is available on SEDAR at [ www.sedar.com ]. Additional information relating to the Company can be found on the SEDAR website.
Actual results may differ materially from what the Company currently expects. Other than as required under securities laws, we do not undertake to update any forward-looking information at any particular time. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
