Bright­path Early re­ceives holder OK for Busy Bees deal

Stockwatch Daily - - CONSUMER SERVICES & CURRENT EVENTS - Mr. Dale Kearns re­ports

BRIGHT­PATH EARLY Learn­ing Inc.’s share­hold­ers have over­whelm­ingly voted in favour of the ar­range­ment with an af­fil­i­ate of Busy Bees Hold­ings Ltd., pur­suant to which each com­mon share of Bright­path will be ac­quired for 80 cents in cash.

The ar­range­ment was ap­proved by 99.01 per cent of the votes cast by Bright­path share­hold­ers and is ex­pected to close on or about July 28, 2017, sub­ject to sat­is­fac­tion of all clos­ing con­di­tions.

Jef­frey Olin, chair­man of Bright­path, com­mented: “We are pleased that Bright­path share­hold­ers have sent such a clear mes­sage in sup­port of the trans­ac­tion. We be­lieve that the ar­range­ment is com­pelling for our share­hold­ers while serv­ing Cana­dian fam­i­lies well by en­sur­ing the con­tin­u­a­tion of high-qual­ity child care ser­vices.

“On a per­sonal note, I wish to thank both the man­age­ment team and board of direc­tors for their out­stand­ing con­tri­bu­tion and ef­fort in build­ing the com­pany and help­ing to com­plete the trans­ac­tion, as we ll as Bright­path’s share­hold­ers and se­nior lender which have sup­ported the vi­sion of cre­at­ing a Cana­dian leader in pro­vid­ing high-qual­ity early learn­ing and child care since the com­pany’s in­cep­tion seven years ago.”

About Bright­path Early Learn­ing Inc.

Bright­path is a Cana­dian leader in early learn­ing and child care with 78 lo­ca­tions in ma­jor mar­kets across the coun­try.

We seek Safe Har­bor.

Adam Berkowitz, Col­ley Clarke, Daniel F Gal­li­van, Gary Michael Good­man, Jef­frey F Olin, Mitchell Rosen

(BPE) Shares: 119,708,469

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