Peterson Law advises Special Committee of McVicar Industries Inc. in connection with Amalgamation with principal shareholder
On April 29th, 2014, McVicar Industries Inc. (“McVicar”) announced that its shareholders had approved an amalgamation (the “Amalgamation”) with a wholly-owned subsidiary (“Subco”) of GC Consulting & Investment Corp. (“GCCI”), a company controlled by Dr. Gang Chai, the Chief Executive Officer of McVicar, pursuant to which McVicar and Subco combined to form a new company carrying on the business of McVicar as a wholly-owned subsidiary of GCCI. The completion of the Amalgamation also effectively resulted in each McVicar shareholder (other than GCCI) receiving cash consideration of $0.50 per McVicar share held by such shareholder.
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