Roots Corporation Completes Go-Private Transaction and Announces Leadership Transition
Roots Corporation has completed its go-private plan of arrangement, with Marquee Brands — through JM&A Design & Development Inc. — acquiring all 39,197,166 outstanding shares for C$4.10 per share in cash, or roughly C$160.7 million in aggregate. Shares are expected to be delisted from the Toronto Stock Exchange shortly, and Roots will apply to cease being a reporting issuer in Canada.
Key figures
- Shares acquired
- 39197166
- Ownership acquired
- 100%
- Price per share cad
- C$4.10
- Consideration currency
- CAD
AI analysis
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