Acasta shareholders vote in favour of $1.1 bln round of deals
Acasta Enterprises Inc (TSX: AEF), a Canadian special purpose acquisition corporation, said that 89 percent of its shareholders have approved its proposed acquisition of three businesses. Last month, Acasta said it will acquire Apollo Health & Beauty Care, JemPak Corp and Stellwagen Finance Co, which together have an estimated enterprise value of about $1.1 billion. The round of deals is expected to close on January 3rd. Acasta, which previously reported raising more than $100 million in connection with the acquisitions, recently updated the number to $134 million.
20 December 2016•3 mins read
