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Laidlaw International sets April 20 as date for stockholders to vote on FirstGroup merger
By Lisa Kerner
Charlotte, N.C., March 21 - Laidlaw International, Inc. said it will hold a special meeting of stockholders on April 20 to vote on its merger with FirstGroup Acquisition Corp., a wholly owned subsidiary of FirstGroup plc.
Stockholders of record as of the close of business on March 19 will be entitled to vote at the meeting, which will be held in Lisle, Ill.
On Feb. 9, FirstGroup plc entered into a definitive merger agreement to acquire all of the outstanding shares of Laidlaw International for $35.25 per share in a transaction valued at $3.6 billion, including debt.
The transaction has been approved by Laidlaw International's board of directors.
Laidlaw is a Naperville, Ill., holding company for North America's largest providers of school and inter-city bus transport services and a supplier of public transit services.
FirstGroup is a passenger transport group based in Aberdeen, Scotland.
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