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| CHC shareholders vote yes to First Reserve takeover |
| Written by Administrator | |
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May 1, 2008, Vancouver - Shareholders of CHC Helicopter Corp. (TSX:FLY.A) have voted overwhelmingly to accept a $3.7-billion takeover by First Reserve Capital Corp. First Reserve agreed in February to pay $32.68 for each of CHC's class A and class B shares. The company will also assume assume about $800 million in debt and includes the assumed liability associated with off-balance sheet aircraft leases, which the company said is to be about $1.4 billion or $1.5 billion. |
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