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Shareholders Approve IBI Group's Acquisition by Arcadis

MT Newswires ·  {{timeTz}}

02:20 PM EDT, 09/16/2022 (MT Newswires) -- IBI Group Inc. (IBG.TO) on Friday said shareholders approved the company's previously announced acquisition by two subsidiaries of Arcadis N.V.

In July, the Arcadis affiliates agreed to acquire IBI Group's issued and outstanding common shares and class B units for a cash consideration of C$19.50 per common share or per unit.

The transaction is expected to become effective on or about Sept. 27, subject to obtaining a final order from the Ontario Superior Court of Justice and certain other customary closing conditions. IBI Group's shares will be delisted from the Toronto Stock Exchange within two to three business days following the completion of the transaction.

Price: 19.45, Change: +0.01, Percent Change: +0.05

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