BIOX sells remaining shares to FP Resources Limited and CFFI Ventures

July 6, 2017 |

In Canada, BIOX Corporation announced that the Company has signed a definitive arrangement agreement in connection with the previously announced proposed acquisition by FP Resources Limited and CFFI Ventures Inc. through 10293547 Canada Limited, a wholly-owned indirect subsidiary of CFFI Ventures, of all of the outstanding common shares of the company.  Pursuant to the agreement, the would be acquired for cash consideration of C$1.23 per share through a court approved plan of arrangement under the Canada Business Corporations Act. The acquisition of such shares is expected to exclude those Shares of the company which may be exchanged by certain shareholders of the company for shares in the capital of the purchaser pursuant to rollover agreements to be executed by such shareholders with the purchaser.

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