Matrix Composites & Engineering (ASX:MCE) said Australia's Federal Court ordered the company to convene a shareholder meeting to vote on Advanced Innergy Holdings' (ASX:AIH) proposed acquisition of Matrix, according to a Wednesday filing with the Australian bourse.
The court also approved Matrix distributing an explanatory statement with details on the scheme of arrangement. The booklet will be released on June 4.
Matrix has scheduled the shareholders' meeting for July 6. The company's board continues to unanimously recommend that shareholders approve the deal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments