At the special meeting of shareholders of
The proposed arrangement remains subject to certain customary closing conditions, including the issuance of a final order by the
Furthermore, the Corporation operates in the environmental industry where it provides services to industrial, municipal and governmental customers for the renewal of underground water mains, dredging, dewatering, contaminated soils and materials management, site remediation, risk assessment, and manufacturing of fluid transportation products.
The Corporation has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969,
This press release contains forward-looking information, within the meaning of applicable securities legislation, relating to the anticipated timing of completion of the proposed arrangement. These forward-looking statements express, as of the date of this press release, the estimates, predictions, projections, expectations, or opinions of the Corporation about future events or results, including the ability of the parties to satisfy, in a timely manner, the conditions to the closing of the proposed arrangement. Although the Corporation believes that the expectations produced by these forward-looking statements are founded on valid and reasonable bases and assumptions, these forward-looking statements are inherently subject to important uncertainties and contingencies, many of which are beyond the Corporation's control, such that the Corporation's performance may differ significantly from the predicted performance expressed or presented in such forward-looking statements. The important risks and uncertainties that may cause the actual results and future events to differ significantly from the expectations currently expressed include the possibility that the proposed arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required Court approval and other conditions to the closing of the proposed arrangement or for other reasons. The reader of this press release is thus cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to update or revise these forward-looking statements, except as required by law.
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