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Redline Correspondence Investors Approve Order of the Aviat Networking sites, Inc

TORONTO , /CNW/ – Redline Telecommunications Category Inc. (“Redline” and/or “Company”) RDL , a prominent merchant out-of purpose-crucial analysis structure having secluded and you will harsh environments, is thrilled to mention the outcomes of your shareholder choose within the annual and special appointment out of investors (“Shareholders”), that was stored prior to today (“Meeting”). During the Appointment, this new Investors chosen overwhelmingly in favor of new previously launched suggested package off plan (the brand new “Arrangement”) with Aviat Networks, Inc. (“Aviat”) pursuant to which Aviat, because of a completely-possessed subsidiary, create acquire most of the a fantastic prominent shares regarding Redline (the new “Prominent Shares”) to own CAD$0.ninety for every single Popular Show.

End of your Arrangement stays subject to various regular standards, for instance the acceptance of your Ontario Superior Courtroom of Justice (Commercial List) (this new ” Court”). Continue reading Redline Correspondence Investors Approve Order of the Aviat Networking sites, Inc