Sasamat Capital Corporation Results of Annual and Special Meeting
26 Maggio 2007 - 1:29AM
PR Newswire (US)
VANCOUVER, British Columbia, May 25 /PRNewswire-FirstCall/ --
Sasamat Capital Corporation ("Sasamat") (PinkSheets: SSALF) held
its Annual and Special Meeting on May 22, 2007 and is pleased to
announce that it received approval for the arrangement (the
"Arrangement") with KHD Humboldt Wedag International Ltd. ("KHD")
(NASDAQ:KHDH). The Arrangement provides for the acquisition by KHD
of all of the outstanding common shares of Sasamat, not already
owned by KHD, pursuant to a plan of arrangement. Upon consummation
of the Arrangement, Sasamat will become a wholly-owned subsidiary
of KHD. As provided pursuant to the arrangement agreement between
Sasamat and KHD whereby the Arrangement is contemplated, Sasamat
and KHD have entered into an amendment agreement in respect of the
equitable adjustment of the share exchange ratio. The amendment
agreement provides that, subject to court approval, the share
exchange ratio will be decreased to partially reflect the recent
material appreciation in the market value of the KHD common shares
that the shareholders of Sasamat will receive pursuant to the
Arrangement. Sasamat and KHD expect to apply to the Supreme Court
of British Columbia (at Vancouver) on May 29,2007 for a final order
to approve the Arrangement. For further information please contact:
R. Randall (604) 408-8538 DATASOURCE: Sasamat Capital Corporation
CONTACT: R. Randall, +1-604-408-8538, for Sasamat Capital
Corporation
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