Horizon North Logistics completes deal with Dexterra Integrated Facilities Management.
International Resource News-June 1, 2020--Horizon North Logistics completes deal with Dexterra Integrated Facilities Management
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International Resource News - 01 June 2020
Calgary-based Horizon North Logistics Inc. (TSX: HNL.TO) has completed its deal with 10647802 Canada Limited, operating as Dexterra Integrated Facilities Management, a subsidiary of Fairfax Financial Holdings Limited (TSX: FFH and FFH.U).
According to the terms of the deal, Horizon North acquired all of the Dexterra outstanding common shares and in exchange issued 158,929,967 common shares of Horizon North to Dexterra's sole shareholder, 9477179 Canada Inc., a wholly-owned subsidiary of Fairfax Financial. Fairfax Financial holds a 49 percent interest in the newly integrated company, while present Horizon North shareholders maintain a 51 percent interest...
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