ANDLAUER HEALTHCARE GROUP OBTAINS SHAREHOLDER APPROVAL FOR SALE TO UPS
TORONTO, June 24, 2025 /CNW/ - Andlauer Healthcare Group Inc. (TSX: AND) (" AHG" or the " Company") today announced that at its special meeting of shareholders held earlier today (the " Meeting"), holders (the " Shareholders") of the Company's subordinate voting shares and multiple voting shares (collectively, the " Shares") voted overwhelmingly in favour of the special resolution (the " Arrangement Resolution") approving the previously announced plan of arrangement pursuant to which an affiliate of UPS (NYSE: UPS) will acquire all of the issued and outstanding Shares for C$55.00 per Share in cash (the " Arrangement"), as more fully described in the Company's management information circular dated May 20, 2025.
The Arrangement Resolution required approval of at least two-thirds (66 ⅔%) of the votes cast by holders of the Company's subordinate voting shares and multiple voting shares, voting together as a single class, present in person (virtually) or represented by proxy at the Meeting. The following is a summary of the votes cast at the Meeting (including votes by proxy and virtually at the Meeting) by Shareholders on the Arrangement Resolution:
The Company's full report of voting results on the matter presented at the Meeting can be found at www.sedarplus.ca.
The final order of the Ontario Superior Court of Justice (Commercial List) approving the Arrangement will be sought on June 26, 2025. Completion of the Arrangement remains subject to receipt of the final order, obtaining applicable regulatory clearances or approvals, and other customary closing conditions.
About AHG
AHG is a leading and growing supply chain management company offering a robust platform of customized third-party logistics (" 3PL") and specialized transportation solutions for the healthcare sector. The Company's 3PL services include customized logistics, distribution and packaging solutions for healthcare manufacturers across Canada. AHG's specialized transportation services in Canada, including air freight forwarding, ground transportation, dedicated delivery and last mile services, provide a one-stop shop for clients' healthcare transportation needs. Through its complementary service offerings, available across a coast-to-coast distribution network, AHG strives to accommodate the full range of its clients' specialized supply chain needs on an integrated and efficient basis. The Company also provides specialized ground transportation services, primarily to the healthcare sector, across the 48 contiguous U.S. states. For more information on AHG, please visit: www.andlauerhealthcare.com.
Forward-Looking Information
This press release contains "forward-looking information" and "forward-looking statements" (collectively, " forward-looking information") within the meaning of applicable securities laws. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "expects", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projects", "projection", "prospects", "strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information.
Specifically, statements regarding the anticipated timing and receipt of the final order of the Ontario Superior Court of Justice (Commercial List); and other statements that are not statements of historical facts are all considered to be forward-looking information.
Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the risk that the Arrangement will not be completed on the terms and conditions, or on the timing, currently contemplated; that the Arrangement may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required court and regulatory approvals and other conditions to the closing of the Arrangement or for other reasons; the possibility of litigation relating to the Arrangement; credit, market, currency, operational, liquidity and funding risks generally and relating specifically to the Arrangement, including changes in economic conditions, interest rates or tax rates; and those other risks discussed in greater detail under the "Risk Factors" section of our Annual Information Form which is available under our profile on SEDAR+ at www.sedarplus.ca. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information.
There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in forward-looking statements included herein. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, any forward-looking statements included herein are made as of the date of this news release and, except as expressly required by applicable law, AHG assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.
SOURCE Andlauer Healthcare Group Inc.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
15 hours ago
- Globe and Mail
BQE Water: Top 10 Undervalued Waste Management Industry Stocks (BQE)
BQE Water is now ranked among the top 10 undervalued stocks in the Waste Management industry on the Toronto Stock Exchange or TSX Venture Exchange. A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company Valuation methodology provided by Stockcalc (see below) Waste Management: Companies that collect, treat, store, transfer, recycle, and dispose of waste materials, as well as companies that provide supporting environmental, engineering, and consulting services. Stocks in this category are held primarily for capital appreciation. Symbol Name Close Price ($) Valuation ($) Difference Average Vol (30D) Market Cap ($M) Yield (%) P/E Ratio EVGN EverGen Infrastructure 0.43 1.00 0.57 (132.6%) 6440 6.0 0.0 0.0 EWK Earthworks Industries 0.04 0.08 0.03 (77.0%) 14119 0.0 0.0 0.0 CMC Cielo Waste Solutions 0.07 0.09 0.02 (37.8%) 38374 8.4 0.0 0.0 YES CHAR Technologies 0.23 0.26 0.03 (14.3%) 94485 23.5 0.0 0.0 VTX Vertex Resource Group 0.27 0.30 0.04 (13.2%) 14873 29.7 0.0 0.0 ROOF Northstar Clean Tech 0.34 0.38 0.04 (12.1%) 157312 43.5 0.0 0.0 ECM Ecolomondo 0.18 0.19 0.01 (6.5%) 84090 38.8 0.0 0.0 BQE BQE Water 55.00 58.18 3.18 (5.8%) 452 70.5 0.0 14.7 GIP Green Impact Partners 4.01 4.16 0.15 (3.8%) 44370 86.0 0.0 0.0 All data provided as of June 28, 2025. The list is sorted by stocks with the greatest percentage difference between valuation and price. BQE Water BQE Water Inc is an integrated water management services and treatment solutions provider with expertise and intellectual property to support the mining and metallurgical industry in reducing life cycle costs and risks associated with water. The company has developed various technologies and processes to treat acidic and wastewater generated at mines, which include the BioSulphide, ChemSulphide, Met-IX, Sulf-IX, Sulf-IXC, and Selen-IX. BQE Water is listed under BQE on the TSX Venture Exchange. Stockcalc StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs. Stockcalc valuations ( can help determine if a stock is undervalued. Stockcalc's Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
Winnipeg Free Press
19 hours ago
- Winnipeg Free Press
Wimbledon 2025: Coco Gauff is just 21 but already thinking about what to do after tennis
LONDON (AP) — To be clear, Coco Gauff didn't bring up the word 'star' during a recent interview with The Associated Press; the reporter did. So as Gauff began to answer a question about balancing her life as a professional athlete with her off-court interests, she caught herself repeating that term. 'I definitely didn't know how it would look like,' she began with a smile, 'before I got to be, I guess, a star — feels weird to call myself that — but I definitely did want to expand outside of tennis. Always. Since I was young.' She still is young, by just about any measure, and she is a really good tennis player — Gauff owns the Grand Slam titles and No. 2 ranking to prove it as she heads into Wimbledon, which begins Monday — but the 21-year-old American is also more than that. Someone unafraid to express her opinions about societal issues. Someone who connects with fans via social media. Someone who is the highest-paid female athlete in any sport, topping $30 million last year, according to with less than a third of that from prize money and most via deals with companies such as UPS, New Balance, Rolex and Barilla. Someone who recently launched her own management firm. And someone who wants to succeed in the business world long after she no longer swings a racket on tour. 'It's definitely something that I want to start to step up for post-career. Kind of start building that process, which is why I wanted to do it early. Because I didn't want to feel like I was playing catch-up at the end of my career,' said Gauff, who will face Dayana Yastremska in the first round at the All England Club on Tuesday. 'On the business side of things, it doesn't come as natural as tennis feels. I'm still learning, and I have a lot to learn about,' Gauff said. 'I've debated different things and what paths I wanted to take when it came to just stimulating my brain outside of the court, because I always knew that once I finished high school that I needed to put my brain into something else.' In a campaign announced this week by UPS, which first partnered with Gauff in 2023 before she won that year's U.S. Open, she connects with business coach Emma Grede — known for working with Kim Kardashian on Skims, and with Khloe Kardashian on Good American — to offer mentoring to three small-business owners. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. 'Coco plays a key role in helping us connect with those younger Gen-Z business owners — emerging or younger entrepreneurs,' Betsy Wilson, VP of digital marketing and brand activation at UPS, said in a phone interview. 'Obviously, she's very relevant in social media and in culture, and working with Coco helps us really connect with that younger group.' While Grede helped the entrepreneurs, Gauff also got the opportunity to pick up tips. 'It's really cool to learn from someone like her,' Gauff said. 'Whenever I feel like I'm ready to make that leap, I can definitely reach out to her for advice and things like that. … This will help me right now and definitely in the long term.' ___ Howard Fendrich has been the AP's tennis writer since 2002. Find his stories here: More AP tennis:
Cision Canada
a day ago
- Cision Canada
GreenPower Closes Fourth Tranche of Term Loan Offering
VANCOUVER, BC, June 27, 2025 /CNW/ -- GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) ("GreenPower" and the "Company"), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the closing of the fourth tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $200,000 (collectively the " Loans"). Please refer to the Company's news release dated May 13, 2025 for more details regarding the term loan offering. In connection with the Loans, the Company entered into respective loan agreements with companies controlled by the CEO and a Director of the Company (the " Lenders"). Management anticipates that the Company will allocate the net proceeds from the Loans towards production costs, supplier payments, payroll and working capital. The Loans are secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of closing (the " Closing Date") to and including the date all of the Company's indebtedness pursuant to the Loans is paid in full. The term of the Loans will be two years from the Closing Date. As an inducement for the Loan, the Company issued 263,157 non-transferable share purchase warrants (each, a " Loan Bonus Warrant") to one of the Lenders. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a " Share") at an exercise price of U.S. $0.38 per Share for a period of twenty-four (24) months from the closing date of the Loan. In addition, one Lender will be issued an aggregate of 52,631 Shares (each a " Loan Bonus Share"). The Lenders are each considered to be a "related party" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (" MI 61-101") and each of the Loans and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a "related party transaction" within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value, in each case, of the Loans, the Loan Bonus Warrants, and the Loan Bonus Shares, as applicable, is not more than 25% of the Company's market capitalization. All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation. For further information contact: Fraser Atkinson, CEO (604) 220-8048 Brendan Riley, President (510) 910-3377 Michael Sieffert, CFO (604) 563-4144 About GreenPower Motor Company Inc. GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to Forward-Looking Statements This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company's public documents filed on SEDAR+ at and with the United States Securities and Exchange Commission filed on EDGAR at Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. ©2025 GreenPower Motor Company Inc. All rights reserved.
