Brightpath Early receives holder OK for Busy Bees deal
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