Approval of the amalgamation of BV! Media with a subsidiary of Rogers Media
29 Setembro 2010 - 3:52PM
PR Newswire (Canada)
MONTREAL, Sept. 29 /CNW/ -- MONTREAL, Sept. 29 /CNW Telbec/ -
BV! Media Inc. (TSX-V: - BVM, "BV! Media") is pleased to
announce that, at a special meeting of shareholders of BV! Media
held earlier today, the shareholders of BV! Media approved the
previously announced acquisition of all of the issued and
outstanding common Shares of BV! Media Inc. for $0.40 in cash per
share by Rogers Media Inc. ("Rogers Media"). The special resolution
was approved by 99.96 % of the votes cast by holders of common
shares at BV! Media's special meeting of shareholders. No
shareholders exercised their dissent right. The transaction will be
effected by way of a statutory amalgamation of BV! Media with
7557175 Canada Inc., a wholly-owned subsidiary of Rogers Media.
Under the transaction, the shareholders of BV! Media will receive
redeemable shares which will then immediately be redeemed for $0.40
in cash per share, and BV! Media will become a wholly-owned
subsidiary of Rogers Media. Subject to satisfaction of customary
conditions, it is anticipated that the transaction will close on or
about October 1, 2010. About BV! Media Inc. BV! Media is a leading
Canadian Internet advertising network, representing exclusively
over 400 top-tier publishers with a combined reach of over 15
million unique visitors per month in Canada, and the publisher of
the BRANCHEZ-VOUS! news and information portal. BV! Media is listed
on the TSX Venture Exchange under the symbol BVM and has
approximately 60.5 million shares outstanding. Additional
information on BV! Media can be obtained on SEDAR and at
www.bvmedia.ca. Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. p align="justify"Tom Vorias, Chief
Financial Officerbr/514.337.9065 ext. 223br/a
href="mailto:tvorias@bvmedia.ca"tvorias@bvmedia.ca/a/p
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