Distinction Group Inc. Completes Going-Private Transaction
(firmenpresse) - MONTREAL, QUEBEC, CANADA -- (Marketwire) -- 01/09/12 -- Distinction Group Inc. ("GDI" or the "Corporation") (TSX: GD), a Canadian leader in the facility services industry, hereby announces the completion of the previously announced going-private transaction involving Birch Hill Equity Partners and certain members of GDI's senior management.
Under the amalgamation, which was effective on January 1, 2012, shareholders of GDI received, for each GDI common share held by them, one redeemable preferred share of the amalgamated entity. The redeemable preferred shares were then redeemed for $4.50 in cash per share.
The common shares of GDI will be delisted from the Toronto Stock Exchange today at the close of trading following which GDI will file applications to cease to be a reporting issuer under Canadian securities laws.
Full details of the amalgamation and certain other matters are set out in the management information circular of GDI dated December 1, 2011. A copy of the management information circular and other materials relating to the transaction can be found on SEDAR at .
About GDI (Distinction Group Inc.)
GDI is a Canadian leader in the facility services industry. Through its subsidiaries, GDI provides a range of industrial janitorial, mechanical maintenance and other related services to various segments of the commercial real estate industry across Canada.
Additional information on the Corporation can be found on the GDI website at and on the SEDAR website at .
Contacts:
GDI
Jocelyn Trottier, CA, CMA
Executive Vice-President and CFO
Investor Relations
514-368-1504, ext. 262
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Datum: 09.01.2012 - 07:40 Uhr
Sprache: Deutsch
News-ID 1070957
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