Brief: Glacier And GVIC Announce Definitive Agreement Whereby Glacier Will Acquire All Class B Common Voting Shares And Class C Non-Voting Shares Of GVIC Not Already Owned

Glacier Media

26/01/2021 24:41

Jan 25 (Reuters) - Glacier Media Inc  GVC.TO :
    * GLACIER AND GVIC ANNOUNCE DEFINITIVE AGREEMENT WHEREBY
GLACIER
WILL ACQUIRE ALL CLASS B COMMON VOTING SHARES AND CLASS C
NON-VOTING SHARES OF GVIC NOT ALREADY OWNED
    * GLACIER MEDIA INC - GLACIER CURRENTLY OWNS 37.9% OF CLASS
B
COMMON VOTING SHARES AND 97.7% OF CLASS C NON-VOTING SHARES OF
GVIC
    * GLACIER MEDIA INC - EACH CLASS B COMMON VOTING SHARE AND
CLASS C
NON-VOTING SHARE OF GVIC WILL BE EXCHANGED FOR 0.8 OF COMMON
SHARES OF GLACIER
    * GLACIER MEDIA- UPON COMPLETION, SHAREHOLDERS OF GVIC,
EXCLUDING
GLACIER AND ITS SUBSIDIARY, WILL HOLD APPROXIMATELY 7.8 MILLION
GLACIER SHARES

Source text for Eikon:  ID:nGNX5YxKFL 
Further company coverage:  GVC.TO 

 ((Reuters.Briefs@thomsonreuters.com;))