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Ipsco Announces Special Meeting and Record Dates
06/04/2007 - Ipsco’s Board of Directors has scheduled a special meeting for shareholders to vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB.
Ipsco Inc.’s Board of Directors has scheduled a special meeting of shareholders on July 16, 2007 in Toronto, Ont. Shareholders will vote on the proposal to adopt the Plan of Arrangement in which Ipsco would be acquired by SSAB Svenskt Stal AB for a cash consideration of U.S. $160 per share.
The close of business on June 11, 2007 will be fixed as the record date for shareholders entitled to receive notice of and to vote at the special meeting.
The special meeting and record dates are subject to confirmation by the Ontario Superior Court of Justice. Completion of the Plan of Arrangement is subject to approval of 66-2/3% of the votes cast by shareholders of Ipsco at the special meeting to consider the arrangement, Ontario court approval and customary closing conditions, including obtaining certain regulatory approvals.
