A special meeting of Cambior (CBJ-T, CBJ-X) shareholders has voted in favour of the proposed merger with Iamgold (IMG-T, IAG-N, IGD-A), leaving court approval as the only hurdle the deal still has to clear.
The proposed plan of arrangement was approved by over 99% of the shares voted at the meeting. Iamgold had offered 0.42 of a share for one Cambior share in the merger proposal.
The Quebec Superior Court will hear the request for its approval on Nov. 8, an approval the courts normally grant if a shareholder vote is successful. Final filings for the merger can take place the same day.
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