Freshii Shareholders Approve Arrangement with Foodtastic

Exterior photo of Freshii restaurant

TORONTO — At a special shareholders’ meeting of Freshii, holders of Class A subordinate voting shares and Class B multiple voting shares in the capital of Freshii voted overwhelmingly in favour of the special resolution approving the previously announced plan under the Business Corporations Act (Ontario) pursuant to which Foodtastic will acquire all of the issued and outstanding shares at a price of $2.30 in cash per share.

The transaction is expected to close on or before February 28.

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