Shareholders Approve Amalgamation Of Domco Tarkett
Farnham, Québec, Oct. 30--At a Special Meeting of Shareholders of Domco Tarkett Inc. held in Farnham, Québec, today, shareholders approved a resolution to amalgamate Domco Tarkett with 4158148 Canada Inc. The company resulting from the amalgamation will be named Tarkett Inc.
According to National Bank Trust, which oversaw the meeting, 99.12 % of the total shares voted were in favour of the resolution.
This completes the privatisation of Domco Tarkett, which was first publicly announced on April 30. Tarkett Sommer AG (Tarkett AG as of October 1) then communicated its intention to make an offer to acquire all of the issued and outstanding common shares of Domco Tarkett not already owned by Tarkett AG or an affiliate.
Tarkett AG owned indirectly 74.4% of Domco Tarkett shares immediately preceding the offer. As a result of the amalgamation, it will own, indirectly, 100% of the common shares of Tarkett Inc.
The Toronto Stock Exchange has approved the delisting of Domco Tarkett shares as a consequence of the privatisation, subject to customary conditions. The company will cease shortly to be a reporting issuer under the securities laws across Canada.
"Tarkett Inc. will pursue its mission of designing, developing, manufacturing and marketing a wide range of innovative and fashion-forward flooring products across North America as part of the worldwide Tarkett family of companies" said Ulf Mattsson, President and CEO of Tarkett Inc.