Shareholders approve Global Railway sale
Written by William C. Vantuono, Editor-in-ChiefGlobal Railway Industries Ltd. announced Tuesday that its shareholders have approved the proposed sale ofCAD Railway Industries Ltd. and the winding-up of Global.
“As previously disclosed,” said the company, “closing of the CADRI salewill occur promptly following satisfaction or waiver of the remainingclosing conditions. The closing of the CADRI sale and the implementation ofthe winding-up of Global remain subject to the conditions and risk factorsdescribed in Global’s Management Information Circular dated July 25, 2011.”
