Student Transportation obtains court order approving Spinner Can Acquireco deal
Student Transportation is pleased to announce that it has obtained a final court order from the Ontario Superior Court of Justice approving its previously announced arrangement with Spinner Can Acquireco Inc. , a company sponsored by Caisse de depot et placement du Quebec and Ullico Inc. The Arrangement is expected to close on or about Friday, April 27, 2018, subject to the satisfaction or waiver of all conditions to the Arrangement. Following completion of the Arrangement, STI will be de-listed from the TSX and the NASDAQ and applications will be made for STI to cease to be a reporting issuer in each of the provinces and territories of Canada. Pursuant to the terms of the Arrangement, each holder of common shares in the capital of the Company will receive US$7.50 in cash.