Western Star shareholders will vote on Freightliner LLC's bid to buy the company at a special meeting scheduled for Sept. 18 in Vancouver, B.C.
The $465 million deal, announced last month, calls for Freightliner to buy all outstanding preferred and common shares of the Kelowna, B.C.,-based truck manufacturer. The Province of British Columbia, which holds all preferred shares, has agreed to vote in favor of the transaction. So has Western Star International Pte, which holds approximately 41.3% of the common shares.
The sale is subject to shareholder and government approval.
The $465 million deal, announced last month, calls for Freightliner to buy all outstanding preferred and common shares of the Kelowna, B.C.,-based truck manufacturer. The Province of British Columbia, which holds all preferred shares, has agreed to vote in favor of the transaction. So has Western Star International Pte, which holds approximately 41.3% of the common shares.
The sale is subject to shareholder and government approval.
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