Raydan Manufacturing Inc Announces Results of Special Meeting
24 Janvier 2012 - 11:05PM
PR Newswire (Canada)
EDMONTON, Jan. 26, 2012 /CNW/ - Raydan Manufacturing Inc ("Raydan")
is pleased to announce that at the special meeting of its
shareholders held January 26, 2012, the previously announced plan
of arrangement was approved in accordance with the terms of the
Arrangement Agreement entered into between Raydan and Link
Suspensions of Canada, Limited Partnership ("LSC") and Link
Manufacturing Ltd dated November 29, 2011, as amended by the
amendments to arrangement agreement and related documents dated
January 17, 2012 (the "Arrangement Agreement"). Pending the
satisfaction of certain closing conditions, the arrangement will
result in LSC acquiring all of the Acquired Assets (as defined in
the Arrangement Agreement). The completion of the sale of the
Acquired Assets from Raydan to LSC is expected to be completed by
February 10, 2012, pending satisfaction of certain closing
conditions, including approval of the Alberta Court of Queen's
Bench, scheduled to be heard on February 6, 2012. About Raydan
Manufacturing Inc Raydan Manufacturing Inc, based in Edmonton,
Alberta, develops and produces specialized suspension and coupling
systems for trucks, trailers and heavy equipment. Installations are
completed at the Company's chassis modification centre in Alberta.
Established in 1992, Raydan exports its innovative, high-quality
products to end-users and original equipment manufacturers (OEMs)
in the heavy-duty truck, truck crane, fire/rescue and other severe
use sectors around the world. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release. This news release contains
forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the
statements made. Potentially, many factors could cause our actual
results to vary materially from those described herein as intended,
planned, anticipated or expected. Raydan Manufacturing Inc. does
not intend and does not assume any obligation to update these
forward-looking statements. Raydan Manufacturing Inc. CONTACT:
Raydan Manufacturing IncJoan Richardson Tel: 780-955-2859 .Toll
Free: 1-888-472-9326 jrichardson@raydanmfg.com www.raydanmfg.com
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