Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Hart Stores completes its sale to an arm’s-length purchaser by way of amalgamation under the Canada Business Corporations Act

Fasken
Reading Time 1 minute read Subscribe
Client

Hart Stores Inc.

Effective February 6, 2015, Hart Stores Inc. completed its sale to an arm’s-length purchaser by way of amalgamation under the Canada Business Corporations Act. In the amalgamation, shareholders of Hart Stores received $0.20 in cash for each share held. The amalgamation was approved by Hart Stores’ shareholders at a special meeting held on February 6, 2015 with a positive vote of approximately 99.96% of the shares voted. Hart Stores is listed on the TSX Venture Exchange. Hart Stores operates a network of 61 mid-sized department stores located in secondary and tertiary markets in eastern Canada, where it has established a dominant position in many of the communities that it serves. Fasken Martineau, with a team lead by Neil Wiener, acted as legal counsel to Hart Stores in connection with the transaction.

    Subscribe

    Receive email updates from our team

    Subscribe