TSX: ABO.A and ABO.B
TORONTO, Sept. 14, 2012 /CNW/ - Arbor Memorial Services Inc. (TSX: ABO.A, ABO.B) ("Arbor") announced today a date for the special meeting at which shareholders will consider the privatization transaction announced on September 11, 2012. Under the privatization transaction, a company, sponsored by a group of existing shareholders of Arbor (the "Purchaser Group"), comprised of Scanfield Holdings Ltd., Fairfax Financial Holdings Limited and JC Clark Ltd. (or their respective affiliates), has agreed to acquire all of the outstanding Class A voting shares and Class B non-voting shares of Arbor (other than certain shares owned by members of the Purchaser Group) for $32.00 per share in cash.
The special meeting will be held on November 16, 2012 at 10:00 a.m. (Toronto time) at The Old Mill, 21 Old Mill Road, Toronto, Ontario in the Guildhall Room. The record date for the special meeting has been set at September 25, 2012.
Arbor Memorial Services Inc. owns 41 cemeteries, 27 crematoria, 8 reception centres located on cemetery premises and 83 funeral homes in eight provinces of Canada.
Cautionary statement regarding forward looking statements and information
This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the holding of a shareholder meeting and other information that is not historical fact. Such forward-looking information is subject to important risks and uncertainties including, without limitation, timing associated with approval of applicable governmental authorities, necessary court approvals, necessary regulatory approvals and other customary conditions. As a result of these risks and uncertainties, the holding of a shareholder meeting could be delayed or not be completed, and the results or events expressed or implied in any forward-looking information may differ materially from actual results or events. Forward-looking information is not a guarantee of future performance, given that it involves risks and uncertainties. Except as required by law, Arbor does not assume and expressly renounces any obligation to update any forward-looking information. Additionally, Arbor undertakes no obligation to comment on expectations of, or statements made by, third parties in respect of the transaction.
SOURCE: Arbor Memorial Services Inc.
For further information:
Brian D. Snowdon, President and Chief Executive Officer
Telephone: (416) 763-4531