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MONTREAL, QUEBEC--(Marketwired - June 16, 2017) - Lumenpulse Inc. (TSX:LMP) ("Lumenpulse" or the "Company"), the parent company of the Lumenpulse Group, a leading manufacturer of high performance, specification-grade LED lighting solutions, is pleased to announce that its shareholders have approved the previously-announced statutory plan of arrangement under the provisions of the Canada Business Corporations Act involving the Company and 10191051 Canada Inc., pursuant to which a group led by Mr. François-Xavier Souvay, the Founder, President and CEO of Lumenpulse, several other existing shareholders of the Company and Power Energy Corporation, a wholly-owned subsidiary of Power Corporation of Canada, will indirectly acquire all of the issued and outstanding common shares of Lumenpulse for $21.25 per share in cash. |
